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IMPLICATIONS, CHALLENGES, OPPORTUNITIES AND STRATEGIES OF A T C WITH REFERENCE TO W T O

Sai Om Journal of Commerce & Management - National

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Title IMPLICATIONS, CHALLENGES, OPPORTUNITIES AND STRATEGIES OF A T C WITH REFERENCE TO W T O
 
Creator Korde, Dr. Pandurang
 
Subject Multi-Fibre Arrangement; ATC; GATT; WTO
 
Description In fact the issue of textile was one of factor influencing the launching of the eight round of GATT i.e. the Uruguay Round. According to 1TC / UNCTAD although as a result of the adoption of associate agreements the rules of GATT in a number of areas had been strengthened, it rules were not being applied in two important trade sectors viz. agriculture and textiles. In the agriculture sector, most developed countries had taken advantages of the loophole to establish policies that were not always consistent with GATT principles. In the textile sector, a number of these countries imposed restriction on imports, particularly from developing countries. They did this under the so-called Multi-Fibre Arrangement (the arrangement regarding international trade in textiles or MFA) during the different rounds of negotiations under the GATT. Since developing countries insisted on one-way concessions, little progress was actually made. On the contrary, as per Panagariya (2003) textiles and apparel imports into developed countries came under severe restrictions through 3000 bilateral treaties as a part of the MFA...... The main substantive break developing countries got in achieving improved market access for themselves in the last 40 years was the agreement to end the MFA. And that came through reciprocal bargaining as a part of the UR Agreement. According to Chandrasekhar (2003) the developing countries have mostly been at the receiving end of these policy interventions, and have been striving to secure the application of multilateral rules to this sector. They offered significant concessions in the Uruguay Round to secure an end to the quota system over a ten-year period even though quotas were never GATT consistent. The central purpose behind such a long transition period was to facilitate a gradual process, with a smooth landing at the end. Textile was indeed one of the hardest-fought issues in the WTO. The developing countries agreed to the insertion of intellectual property right in the WTO agenda only on condition of the phase out of the quota system under MFA (Goyal and Mohd, 2001, p. 401).
 
Publisher Sai Om Publications
 
Contributor —
 
Date 2016-05-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://abhinavjournal.com/journal/index.php/ISSN-2347-7563/article/view/1020
 
Source Sai Om Journal of Commerce & Management: A Peer Reviewed National Journal (Online ISSN 2347-7563); Vol 3, No 4 (2016): Sai Om Journal of Commerce & Management: A Peer Reviewed National Journal (Online ISSN 2347-7563); 20-27
2347- 7563
 
Language eng
 
Relation http://abhinavjournal.com/journal/index.php/ISSN-2347-7563/article/view/1020/pdf_41
 
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