Textile and Apparel Quota Phaseout: Some Economic Implications


 

Publication Date: June 2005

Publisher: Library of Congress. Congressional Research Service

Author(s):

Research Area: Manufacturing and industry

Type:

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.