Scribd Logo
Upload

Welcome to Scribd!

  • Effect of Wto On Textile Sector

    Uploaded by

    kalpana_prestige
    21 views10 pages
    The document discusses the effect of the World Trade Organization (WTO) on the textile industry. It provides background on the formation of the WTO and describes the Indian textile industry. The WTO adopted the Agreement on Textiles and Clothing (ATC) in 1995, which stated that all quotas on textiles and clothing would be removed among WTO member countries by 2005. While exports of textiles from developing countries have increased even with tariffs and quotas in developed countries, the removal of quotas led to more efficient global production and credibility in the multilateral trading system. WTO rules also aim to prevent unfair trade practices and injurious trade flows in the textile industry.

    Original Description:

    Original Title

    Effect of Wto on Textile Sector

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses the effect of the World Trade Organization (WTO) on the textile industry. It provides background on the formation of the WTO and describes the Indian textile industry. The WTO adopted the Agreement on Textiles and Clothing (ATC) in 1995, which stated that all quotas on textiles and clothing would be removed among WTO member countries by 2005. While exports of textiles from developing countries have increased even with tariffs and quotas in developed countries, the removal of quotas led to more efficient global production and credibility in the multilateral trading system. WTO rules also aim to prevent unfair trade practices and injurious trade flows in the textile industry.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    21 views10 pages

    Effect of Wto On Textile Sector

    Uploaded by

    kalpana_prestige
    The document discusses the effect of the World Trade Organization (WTO) on the textile industry. It provides background on the formation of the WTO and describes the Indian textile industry. The WTO adopted the Agreement on Textiles and Clothing (ATC) in 1995, which stated that all quotas on textiles and clothing would be removed among WTO member countries by 2005. While exports of textiles from developing countries have increased even with tariffs and quotas in developed countries, the removal of quotas led to more efficient global production and credibility in the multilateral trading system. WTO rules also aim to prevent unfair trade practices and injurious trade flows in the textile industry.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 10

    EFFECT OF W.T.

    O ON TEXTILE INDUSTRY
    Click to edit Master subtitle style

    2/12/13

    INTRODUCTION OF WTO

    WTO was formed on 1st Jan,1995. It took over GATT (General agreement on tariffs & trade). In 8th round of GATT, popularly known as Uruguay Round, member nations of GATT decided to set up a new organization, World Trade Organization in place of GATT.
    2/12/13

    Indian Textile Industry


    India Textile Industry is one of the leading textile

    industries in the world. Though was predominantly unorganized industry even a few years back, but the scenario started changing after the economic liberalization of Indian economy in 1991. The opening up of economy gave the much-needed thrust to the Indian textile industry, which has now successfully become one of the largest in the world.

    2/12/13

    WTO In Textile Industry:


    The (WTO) has taken so many steps for uplifting this sector:-

    In the year 1995, WTO had renewed its MFA and adopted Agreement on Textiles and Clothing (ATC), which states that all quotas on textile and clothing will be removed among WTO member countries.

    2/12/13

    However the level of exports in textiles from developing countries is increasing even if in the presence of high tariffs and quantitative restrictions by economically developed countries.

    2/12/13

    Moreover the role of multifunctional textiles, ecotextiles, e-textiles and customized textiles are considered as the future of textile industry.

    2/12/13

    IMPACT OF IMPLEMENTING ATC


    The impact of implementing the ATC has several dimensions There is the political gain related to the credibility of the multilateral trading system at a time when the system is Experiencing considerable strains. There are the efficiency gains from eliminating highly distorting quotas that have lead to an inefficient global allocation of textile and clothing production.

    2/12/13

    IMPACT OF APPLICATION OF WTO RULES As of 1 January 2005, WTO rules have been applied to trade in textiles and clothing as in all other areas of trade. These include the core WTO principles of Transparency and Non -discrimination.
    2/12/13

    Contd.
    WTO rules on anti-dumping and security have the following impact: -prevent unfair trading practices -prevent injurious trade flow

    2/12/13

    THANK YOU!!!

    2/12/13

    You might also like