Case Code : CLIBE044
Publication date : 2005
Subject : Business Environment
Industry : Textile
Length : 03 Pages
Short Case Study Price: INR 50;
The caselet takes a detailed look at the situation in the textile market after the phasing out of the Multi Fiber Agreement (MFA). It explores the conditions that are favorable for China to dominate textile exports to the US and focuses on the actions of the US to counter the domination of China in the textile industry and protect domestic industries from cheap Chinese imports. It also takes a glance at China's act of imposing export tariffs to ease out the fears of other competing textile exporting countries.
Questions for Discussion:
1. Do you think the phasing out of MFA will help Chinese textile industry to capture the US market?
2. The countries that signed the Istanbul Declaration are apprehensive about the future prospects of their textile industries due to the phasing out of the MFA. Are their apprehensions justified? If so, how can they equip themselves to protect their textile industry?
Multi Fibre Agreement, The National Council of Textile Organizations (NCTO), World Trade Organization(WTO), product-specific safeguard, US Department of Commerce, US Association of Importers of Textiles and Apparel, Istanbul Declaration, North American Free Trade Agreement (NAFTA), Caribbean Basin Trade Partnership Act (CBTPA), Euro Cotton
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