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Multi-Fibre Arrangement
(redirected from Agreement on Textile and Clothing)

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Multi-Fibre Arrangement
An expired international agreement that set quotas on the textiles and clothing developing countries could export to developed countries. The purpose behind the Multi-Fibre Arrangement was to allow developed countries time to adjust to competition from developing countries, which could produce the same textile products much more cheaply. It was thought that developing countries could flood the markets in developed countries with less expensive textiles, which would have had a negative effect on the developed countries' economies. Critics of the Arrangement argued this hampered development. It was in effect from 1974 through the end of 2004. It is formally called the Agreement on Textile and Clothing. See also: World Trade Organization.


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AN ATTACK has been made on the United States, European Union (EU), and other textile importing jurisdictions for waiting until the last minute to abolish most restrictive quotas under the World Trade Organisation's (WTO) Agreement on Textile and Clothing.
Comments The paper deals with the challenges posed by the post-MFA scenario of the Uruguay Round agreements, specifically under the Agreement on Textile and Clothings as it will affect Pakistan's textile and clothing industry and its exports.
Agreement on Textile and Clothing The Multi-Fibre Arrangement (MFA) is an international arrangement to manage textile and clothing trade.
 
 
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Agreement of Antidumping Practices
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Agreement on the International Dolphin Conservation Program
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agreement to commit a crime
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