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What Role Did The Cancellation Of The Multi-Fibre Agreement Play In The Worsening Of The Problem

Textile and clothing products were returned to GATT rules over a ten-year period. This was gradually done in four stages to give importers and exporters time to adjust to the new situation. Some of these products were previously under quota. All quotas introduced on 31 December 1994 were transferred to the new agreement. With regard to quota products, the integration into the GATT was the result of the abolition of these quotas. The number of signatories to the agreement has changed slightly over time, but has generally exceeded 40, with the EC considered one of the signatories. Trade between these countries dominated the world trade in clothing and textiles, with a share of up to 80%. At the beginning of 2005, China`s exports of textiles and clothing to the West increased by 100% or more in many respects, leading the United States and the EU to highlight China`s WTO accession agreements, which allowed them to limit the growth rate to 7.5% per year until 2008. In June, China agreed with the EU to limit the rate to 10% for three years. No such agreement was reached with the United States, which reported its own import growth rate of 7.5%.

[Citation required] Since the (re) revival of developing countries as a source of cotton textile production, after textile production during the Industrial Revolution, such as India, Bangladesh and Pakistan`s khadi production in the Swadeshi movement, initiated by Mahatma Gandhi, cotton production from these countries has continued to increase after colonial independence. A series of short-term agreements on the international trade in cotton textiles (Geneva, 21 July 1961); Long-term agreements on international trade in cotton textiles (Geneva, 9 February 1962 and 15 June 1970) and agreements on international trade in textiles (Geneva, 20 December 1973) attempted to address the issue of the apparently natural predominance of developing countries in cotton textile production at that time. Finally, the Multi Fibre Agreement was created in 1974. From 1974 to the end of the Uruguay Round, trade was governed by the Multifibre Agreement (AMF). It was a framework for bilateral agreements or unilateral measures to limit imports to countries whose domestic industry had suffered severe damage as a result of the rapid increase in imports. The agreement provided for special treatment for certain categories of countries, for example. B for new entrants, small suppliers and least developed countries.