Phasing out of Multi-fibre Arrangement: implications for the Indian garment exporting firms

Pradeep Keshari, Tara Nair and Dinesh Avasthi

MPRA Paper from University Library of Munich, Germany

Abstract: The study suggests that the entrepreneurs in the Indian clothing industry is all set to take on the challenges and opportunities created by the signing of the GATT-94's Final Act by the Government of India. Small and medium enterprises in the industry are confident about their inherent competitive advantage that would facilitate greater market penetration. Yet, they realize that China, Pakistan and Bangladesh would emerge as major rivals in the global market along with multinationals.They have serious doubt about the distribution of actual gains during the transition period as they view the process and pace of integration envisaged in the GATT-94 Agreement as disproportionately biased towards the developed countries. The pattern of phasing out of MFA would practically deprive them of their access to real benefits. Similarly, along with the disappearances of the restrictive regime of quotas, they see the possibility of new types of barriers emerging in future. It is this uncertainty, which spreads over the optimism of Indian firms in the garment sector like a layer of mist that needs attention in the policy making fora.

Keywords: General Agreement on Tariff and Trade; Multi-fibre Arrangement; Indian clothing industry; Small and medium enterprises (search for similar items in EconPapers)
JEL-codes: F13 F53 F6 L67 (search for similar items in EconPapers)
Date: 2013-05-23
New Economics Papers: this item is included in nep-int
References: View complete reference list from CitEc
Citations:

Published in Foreign Trade Review 24.30(1995): pp. 78-88

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/47156/1/MPRA_paper_47156.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:47156

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().