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Journal of Undergraduate Research

Keywords

India, textiles, clothing, imports, domestic industry

College

Family, Home, and Social Sciences

Department

Economics

Abstract

Up to the end of the Uruguay Round, textile and clothing quotas were negotiated bilaterally and governed by the rules of the Multifiber Arrangement (MFA). As GATT transmogrified into the WTO, a long-awaited uniform approach was arranged. On January 1, 1995, the WTO Agreement on Textiles and Clothing (ATC) replaced the MFA. This multilateral approach was originally planned to elapse from 1995 to 2004. It entails a process of progressively enlarging the existing quotas until their removal. The liberalization is increased over time. The agreement targets all products which were previously subject to MFA-type quotas: tops and yarns, fabrics, made-up textiles products and clothing.

Included in

Economics Commons

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