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Global development of textile and apparel industry in the aftermath of agreement on textile and clothing (1995)

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2012
Öztürk, Barış
With signing of Agreement on Textile and Clothing which entered into force in 1995, it was decided to abolish quantity limitations applied by the developed countries since the second half of 20th century. By this way, restrictions in the developed country markets against the developing countries would be lifted gradually in a ten year period and the liberalization in textile and clothing markets would be realized from 2005 onwards. This would provide smooth access to major markets for all the developing and least developed countries. However, China’s accession to WTO in 2001 created a breakthrough in this assumption. Hereafter, China increased its shares in the developed countries’ markets at the expense of other developing countries. One of the matters wondered most during this period was how would the developing and least developed countries, that had quota-free entrance to the developed countries’ markets, perform against China. This study focuses on the export performances of developing and least developed countries, that have had preferential trade agreements with European Union and the United States of America, against China in those markets.