Global textiles and clothing trade: Trade policy perspectives
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Textile and clothing (T&C) manufacture is often a country's first step on the road to industrialisation, and thus a critically important sector of international trade for developing countries and least developed countries (LDCs). A long-standing system of quotas - established outside the GATT norms, primarily to protect developed economies, and expanded throughout the latter half of the twentieth century - was abolished in 2005. This event launched a major shift in the workings of this area of world trade. This book explores the impact of this seminal event. The author presents substantial case studies of the effect of the abolition of quotas on global trade in this sector. Concentrating mainly on China and Pakistan but also examining India, Indonesia, Vietnam, and seven other Asian T&C manufacturing countries, he contrasts post-abolition reality with pre-abolition predictions of the impact of abolishing quotas, and details the continuing distortion caused by tariffs, non-tariff barriers and through trade remedies such as safeguards and anti-dumping. All of the analysis is supported by the judicious use and interpretation of extensive statistics, compelling arguments, and interview with entrepreneurs and trade officials in Pakistan (as a case study of a country predicted to be a major beneficiary of quota expiry).
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