Trends and Threats for Textiles into 2010

摘要

The phase out of the Multi Fiber Arrangement (MFA) on December 31, 2004, as per the Agreement on Textiles and Clothing (ATC) of the World Trade Organization (WTO), has brought an end to the "managed" trade regime in the global trade of apparels and textiles. This had several implications for the global textile and clothing trade. Apparel manufacturing and exporting countries can now operate without the restriction of quotas, importers now have an opportunity for open sourcing, retailers can now takeadvantage of competitively priced supply and consumers can reap the benefits in terms of broader choices and lower prices. All these opportunities have consequently boosted global textile and clothing trade.