WTO QUOTAS – EU IMPACT
April 1st, 2004
BY KEITH NUTHALLWHEN the European Union (EU) signed up to an Agreement on Textiles and Clothing at the World Trade Organisation's (WTO) last Uruguay Round that foresaw the scrapping of import quotas at the start of 2005, it is hard to imagine it viewing the deal as a way to boost production in knitted products.Indeed in the intervening years, developing countries such as China have developed their production capacity and quality to be able to seize the moment of quota abolition. In short, we will all be wearing more knitted Chinese garments in the future and less ...
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