WTO ATC REPORT
April 1st, 2004
BY KEITH NUTHALLCHINA is the exporter to watch following the abolition of import quotas for textile accessories and footwear this December under the World Trade Organisation's (WTO) agreement on textiles and clothing (ATC). Indeed, a detailed report written for the European Commission on this major liberalisation predicts that not only are Chinese export volumes expected to rise, and developed country production levels to fall, but China is expected to exploit its bulk-manufacturing expertise to seize markets from developing country Asian competitors.The report ...
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