Agreement on Textiles and Clothing
Former system of textile export quotas / From Wikipedia, the free encyclopedia
The Agreement on Textiles and Clothing (ATC) succeeded the Multi Fibre Arrangement (MFA), and facilitated the gradual dismantling of quotas for world textile trade that the MFA had put into place. Thus, the Agreement on Textiles and Clothing (ATC) stipulated a systematic and progressive elimination of the Multi Fiber Arrangement (MFA) over a span of ten years. This process culminated on 1 January 2005.
Under the MFA, quotas were imposed on the export of textiles and garments from developing countries to developed nations from 1974 to 1994.[1][2][3]