TITLE

End Of Quotas To Hit Thai Garment Makers

PUB. DATE
December 2004
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p3
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that the Thai garment producers are bracing themselves for the onslaught of cheap Chinese competition when the World Trade Organisation (WTO) lifts its global export quota system under the Multifibre Arrangement (MFA) in January 2005. In a recent report, the WTO estimates that China will boost its share of the U.S. textile market from 16% at present to 50% after the MFA expires, as global textile producers source more of their products from China. Big domestic producers in the US could also come to Thailand's rescue by introducing special' safeguard' measures, which would impose an annual growth ceiling on clothing and textile exports from China until 2008.
ACCESSION #
15074246

 

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