Textile Markets and the Multi-Fibre Arrangement

Aubrey Silberston

Chapter 6 in Competition and Markets, 1990, pp 63-76 from Palgrave Macmillan

Abstract: Abstract The Multi-Fibre Arrangement (MFA), which followed previous international arrangements relating to cotton textiles and clothing, was agreed upon in 1973 and came into force in 1974. It has been renewed in 1978, 1982 and 1986. These agreements have been made under the auspices of the GATT. The contracting parties are some forty countries (counting the EEC as one country). They include almost all developed countries, together with those developing countries which are substantial exporters of textiles and clothing. Under the agreement, developed countries can place quantitative restrictions on imports of textiles and clothing from the developing countries, the method chosen being to give developing countries quota allocations for their exports of textiles and clothing to the developed countries. They are permitted to administer their own export quotas.

Keywords: Clothing Industry; Export Quota; Flexibility Provision; Commonwealth Secretariat; Clothing Firm (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-10510-6_6

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