Globalization and Poverty
Prieto, William / Jaramillo, Maria Camila / Bonilla, Jhonn
In 1974 the Multifibre Arrangement (MFA) was signed with the aim of facilitating bilateral trading of clothing. Under the rules of the World Trade Organization, the Multifibre Arrangement was replaced by the Textiles and Clothing Agreement in 1995, with a time horizon of 10 years, according to which by 2005 restrictions to international trade for the sector would be completely removed. However, continuing restrictions on trade coming from Chin...