World textile agreement
The World Textile Agreement (English: Agreement on Textiles and Clothing (ATC)) was an international agreement for the textile and clothing industry that was valid from January 1, 1995 to 2004 . It regulated the gradual transition from this economic sector, which was previously protected by import quotas , to one that was subject to the World Trade Organization . To monitor the agreement, the Textiles Monitoring Body (TMB) was set up, which consisted of a chairman and ten members.
history
The Multifibre Arrangement (MFA), which came into effect in 1974, replaced the Agreement in International Trade in Cotton Textiles, which came into force on October 1, 1962 and was extended in 1967 and 1970. Until the conclusion of the negotiations on the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), the agreement was outside the normal GATT, so that, contrary to the usual regulation, import quotas are set there to protect the textile and clothing industry in industrialized countries could. On January 1, 1995, the multifibre agreement was replaced by a 10-year transitional agreement, the World Textile Agreement. The transition took place in four steps. Since January 1, 2005, the textile and clothing industry has been subject to the normal rules of the World Trade Organization.
After all trade restrictions came to an end, China's exports grew strongly, so that China voluntarily limited exports under pressure from the EU .
Web links
- Deutsche Welle: The end of the world textile agreement
- Textiles at the WTO
- Swapneshwar Goutam: The Role of Textiles Monitoring Body in the Agreement on Textile and Clothing and its Significance in International Trade
- WTO: Textiles: back in the mainstream
- clean- clothing.de: World textile agreement