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Textile and Apparel Quota Phaseout: Some Economic Implications
Publication Date: June 2005
Publisher(s): Library of Congress. Congressional Research Service
Series: RS20889
Topic: Manufacturing and industry (Clothing and textile industry)
Abstract:
Because of their importance to both industrialized and developing country economies, textiles and apparel have been major issues in trade relations. A number of agreements (multilateral and bilateral) were signed over the years restricting the amounts of textiles and apparel traded -- in attempts to resolve issues between the interests of exporters and importers. This report analyzes the effects of the phaseout of the quotas on textiles and apparel that occurred January 1, 2005 -- focusing on the consequences and on implementation issues. The report will be updated as events warrant.