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Textile and Apparel Quota Phaseout: Some Economic Implications (CRS Report for Congress)

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Release Date Revised Jan. 20, 2006
Report Number RS20889
Report Type Report
Authors Bernard A. Gelb, Resources, Science, and Industry Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   June 10, 2005 (6 pages, $24.95) add
Summary:

Because of their importance to both industrialized and developing countryeconomies, textiles and apparel have been major issues in trade relations. A number ofagreements (multilateral and bilateral) were signed over the years restricting the amountsof textiles and apparel traded - in attempts to resolve issues between the interests ofexporters and importers. This report analyzes the effects of the phaseout of the quotason textiles and apparel that occurred January 1, 2005 - focusing on implementationissues and phaseout consequences.
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