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Trade Restrictions and Hong Kongˇ¦s Textiles and Clothing Industry  
 
Product Ref: 05/232C Company: N/A

Product Type: Case Industry: Retail & Wholesale

Related Product(s): Teaching Note
Authors: Ka-Fu Wong   Richard Wong   Andrew Lee
Since 1974, the Multifibre Arrangement had been the systematic means for developed countries to restrict textiles and clothing imports from developing countries, which did not conform to the GATT/WTO rules. In 1994, however, the Agreement on Textiles and Clothing was signed, prescribing a 10-year progressive phase-out of the MFA and integration into GATT 1994 rules. By late 2004, the complete phase-out of the MFA on 1 January 2005 had rekindled the debate between protectionists and free-trade advocates. Meanwhile, firms in Hong Kong, one of the worldˇ¦s major textiles and clothing exporting nations, were gearing up for the change.
Functional Area : Economics & Business Policy

Issues: Effects of trade barriers, rent seeking behaviour,
Length: 22 pages Country: Hong Kong SAR

Pub. Year: 2005 Level of Difficulty: 3
         
This product type is available in the following language(s):      English
         
Related Information: N/A
 
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