Agreement On Textiles And Clothing

Agreement on Textiles and Clothing in Global Commerce Policy

In this regard, agreement on textiles and clothing is: a WTO agreement succeeding the Multi-Fibre Arrangement (MFA). The entries on trade policy are here. It differs from the MFA in that it aims to bring international trade in textiles and clothing again under the normal liberalizing and non-discriminatory WTO trade rules by 1 January 2005. The entries on trade policy in the Encyclopedia are here. On 1 January 1995 members had to integrate 16% of their 1990 trade in textiles. The entries on trade policy are here. Another 17% had to be integrated by 1 January 1998, a further 18% by 1 January 2002 and the remainder by 1 January 2005. This means that there is scope for backloading, but some fairly precise conditions for implementation apply. For example, at each stage products have to be chosen from the following four groups: tops and yarns, fabrics, made-up textile products, and clothing. Progress is supervised by the Textiles Monitoring Body, established under the Agreement, which has some dispute settlement functions in respect of the Agreement. The WTO dispute settlement mechanism is also available to members.[1]

Agreement on Textiles and Clothingin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Agreement on Textiles and Clothing” entry (OAS)

See Also