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Problems in the Textile Trade
Essay specific features
Written by:
Herman B
Date added:
October 21, 2016
Level:
University
Grade:
B
No of pages / words:
3 / 807
Was viewed:
378 times
Rating of current essay:
Essay content:
The MFA provided the industrialized countries the ability to limit imports from developing countries. These restrictions provided protection to domestic textile producers but allowed them to give preference to particular partner countries. The ATC favors the developing countries allowing them access to markets of industrialized countries that were previously protected...
displayed 300 characters
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The elimination of the MFA will cause a more open market and the industry is likely to be located in smaller number of locations providing lower costs. This will likely cause enormous changes throughout most aspects of the industry. To be successful there needs to be a fair and balanced implementation of the ATC with provisions for compensation for job displacement and for the affected producers in the poor countries...
displayed 300 characters
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