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Essay

Textile Wars

Essay specific features

 

Issue:

Business

 

Written by:

Loura W

 

Date added:

July 5, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 4139

 

Was viewed:

3401 times

 

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Essay content:

An international quota system was created through the Multifibre Arrangement (MFA) regulating world trade in textiles and clothing arena. However, employment in these industries continued to decline in the developed world as manufacturers relocated production in lower-cost countries. After the terrorist attacks on September 11, 2001, textile quotas were imposed on Pakistan by the U...
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and the European Union. The MFA was later replaced by the World Trade Organization (WTO) Agreement on Textiles and clothing, requiring quotas to be removed by January 1, 2005 however the tariffs remained. The end of quotas was expected to create big winners and losers. India’s and China’s share of imports would rise...
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