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Buy custom the end of MFA

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Topic: Miscellaneous
Number of pages / Number of words: 10 / 2537
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The MFA was originally intended to protect the garment trade of industrialised countries from poorer states with lower production costs. Over time, however, it also acted to protect the clothing industry in those developing countries.


There are both positive and negative counterparts of the end of Multi Fibre Agreement...

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When the trade has liberalised preferences margin fall or disappear altogether .Under the MFA, some developing countries such as Bangladesh, Nepal and Sri Lanka had enjoyed protected access to industrial country market under a quota system. But after the end of the removal of quotas through a WTO trade liberalization agreement exposes these countries to competition from more competitive supplies such as China and India...

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