2. As a producer in a developing nation such as Bangladesh, the expiration of the Multi-Fiber Agreement would hurt the economy tremendously. Having a set quota for the country would allow continual growth of the economy. However, it would not let us develop to our fullest potent ional. The knowledge of having the agreement terminated would cause us to be more alert about where our position in the world is. We would then think more about our survival and try to be more efficient in the production of textiles. In response to the termination of the agreement I would focus on trying to find keep production going without any disruptions and would talk with other countries to make stronger ties. I would also try to bring back the quotas from the Multi-Fiber Agreement by talking with the WTO.
3. I feel as if by placing tariffs on exports of textiles from China it is actually hurting the world economy. The tariff might not be too much but China will still produce and export the same amount, whether the tariffs are there or not, therefore, when they export, the price will be higher for the importers of textiles from China. This is going to hurt the economies of different countries. However, if China is placing a tariff to gain a little extra on their exports, it isn’t a completely... [continues]
Cite This Essay
(2008, 05). Trade in Textiles. StudyMode.com. Retrieved 05, 2008, from http://www.studymode.com/essays/Trade-Textiles-151743.html
"Trade in Textiles" StudyMode.com. 05 2008. 05 2008 <http://www.studymode.com/essays/Trade-Textiles-151743.html>.
"Trade in Textiles." StudyMode.com. 05, 2008. Accessed 05, 2008. http://www.studymode.com/essays/Trade-Textiles-151743.html.