Investigation and Monitoring of the Post-MFA Impact in China
31 December 2004 marks the end of the Multi-Fibre Arrangement (MFA), a thirty-year old quota system for textile and garment exports from developing countries to developed countries. The common speculations prior to the MFA expiration have been that soaring Chinese and Indian exports, declining trade for smaller countries such as Bangladesh, Sri Lanka, cheaper prices for consumers in the developed countries, further job loss of textile and garment workers in the developed countries.