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The End Of Mfa

INTRODUCTION

Due the end of textile and garment quotas maintained under the Multifibre Arrangement (MFA) starkly illustrates the human development threats posed by the loss of preferences. Under the WTO Agreement on Textiles and Clothing, drawn up in 1994, all textile and clothing quotas maintained by industrial countries under the MFA have been phased out. Some momentous changes are coming in the global textile and clothing industry. At the end of 2004, a system of quotas that regulates trade between rich and poor countries comes to an end. The changes are the final stage in a ten year phasing out of long standing restrictions in the textiles trade. Some of those inroads can best be seen at the retail end of the sector.As the last quotas are withdrawn, the shake-up in the $350 billion textile and clothing market produce winners and losers. Impoverished female workers, who make up two-thirds of the global labour force in this sector, are the biggest losers.

The elimination of......


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Approximate Word Count: 2418
Approximate Pages: 10 (250 words per double-spaced page)

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