Multi Fibre Arrangement
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Multi Fibre Arrangement
The Multi Fibre Arrangement (MFA) governed the world trade in textiles and garments from 1974 through 1994, imposing wiktionary:quota, quotas on the amount developing country, developing countries could export to developed country, developed countries. Its successor, the Agreement on Textiles and Clothing (ATC), expired on 1 January 2005. History Since the (re)emergence of developing countries as a source of cotton textile production, after the industrial revolution, Textile manufacture during the Industrial Revolution, such as India, Bangladesh, and Pakistan's Khadi production in the Swadeshi movement initiated by Mahatma Gandhi, cotton production from these countries steadily increased after Decolonization, colonial independence. A number of treaties concerning Short-Term Arrangements regarding International Trade in Cotton Textiles (Geneva, 21 July 1961); Long-Term Arrangement regarding International Trade in Cotton Textiles (Geneva, 9 February 1962 and 15 June 1970), and Arra ...
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Textiles
Textile is an umbrella term that includes various fiber-based materials, including fibers, yarns, filaments, threads, different fabric types, etc. At first, the word "textiles" only referred to woven fabrics. However, weaving is not the only manufacturing method, and many other methods were later developed to form textile structures based on their intended use. Knitting and non-woven are other popular types of fabric manufacturing. In the contemporary world, textiles satisfy the material needs for versatile applications, from simple daily clothing to bulletproof jackets, spacesuits, and doctor's gowns. Textiles are divided into two groups: Domestic purposes onsumer textilesand technical textiles. In consumer textiles, aesthetics and comfort are the most important factors, but in technical textiles, functional properties are the priority. Geotextiles, industrial textiles, medical textiles, and many other areas are examples of technical textiles, whereas clothing and ...
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Dollars & Sense
''Dollars & Sense'' is a magazine focusing on economics from a progressive perspective, published by Dollars & Sense, Inc, which also publishes textbooks in the same genre. ''Dollars & Sense'' describes itself as publishing "economic news and analysis, reports on economic justice activism, primers on economic topics, and critiques of the mainstream media's coverage of the economy."
Dollars & Sense. Published since 1974 (it was originally a monthly; now it is bimonthly), it is edited by a collective of economists, journalists, and activists committed to the ideals of and

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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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BBC News Online
BBC News Online is the website of BBC News, the division of the BBC responsible for newsgathering and production. It is one of the most popular news websites, with 1.2 billion website visits in April 2021, as well as being used by 60% of the UK's internet users for news. The website contains international news coverage, as well as British, entertainment, science, and political news. Many reports are accompanied by audio and video from the BBC's television and radio news services, while the latest TV and radio bulletins are also available to view or listen to on the site together with other current affairs programmes. BBC News Online is closely linked to its sister department website, that of BBC Sport. Both sites follow similar layout and content options and respective journalists work alongside each other. Location information provided by users is also shared with the website of BBC Weather to provide local content. From 1998 to 2001 the site was named best news website at t ...
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Outward Processing Arrangement
The Outward Processing Arrangement (OPA) concerns the textile industry in Hong Kong and the People's Republic of China. It states that Hong Kong manufacturers can subcontract subsidiary and finishing processes to mainland factories, as long as the "major transformation" of the garment takes place in Hong Kong. Major transformation, however, only needs to amount to 10% of total cloth processing. Any products exported to China for outward processing must be reimported to Hong Kong within 2 months. Effective from 10 June 2005, Hong Kong manufacturers can apply to the Trade and Industry Department The Trade and Industry Department of the Hong Kong Government is responsible for supporting traders and small businesses in the global market. History The Imports and Exports Department was renamed the Commerce and Industry Department in 194 ... of Hong Kong for exemption of export duty in association with the processed garments as they are being exported from China. References Ex ...
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Quota Elimination
Quota Elimination is an initiative to eliminate the use of quotas in all textile and clothing trade between nations which are members of the World Trade Organization (WTO). Doing so was one of the key commitments undertaken at the WTO Uruguay Round in 1994 to retire the Multi Fibre Arrangement. The ATC, that is the WTO Agreement on Textile and Clothing, is the regulation governing textile and clothing and implements this commitment. The agreement established a ten-year period which would eliminate the use of quotas in all textile and clothing trade between WTO nations. It expired on December 31, 2004. As of January 1, 2005, the garment and fabric trade worldwide is operating without quotas. To ensure the respect of bilateral textile agreements, goods shipped prior to January 1, 2005 and subject to the 2004 quotas will be subject to the import regime of 2004 even if they are presented to customs after January 1. To avoid excessive burdens on trade and customs, as of April 1, ...
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Tony Blair
Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of the Opposition from 1994 to 1997, and had served in various shadow cabinet posts from 1987 to 1994. Blair was the Member of Parliament (MP) for Sedgefield from 1983 to 2007. He is the second longest serving prime minister in modern history after Margaret Thatcher, and is the longest serving Labour politician to have held the office. Blair attended the independent school Fettes College, and studied law at St John's College, Oxford, where he became a barrister. He became involved in Labour politics and was elected to the House of Commons in 1983 for the Sedgefield constituency in County Durham. As a backbencher, Blair supported moving the party to the political centre of British politics. He was appointed to Neil Kinnock's shadow cabinet ...
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Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of the Azores and Madeira. It features the westernmost point in continental Europe, and its Iberian portion is bordered to the west and south by the Atlantic Ocean and to the north and east by Spain, the sole country to have a land border with Portugal. Its two archipelagos form two autonomous regions with their own regional governments. Lisbon is the capital and largest city by population. Portugal is the oldest continuously existing nation state on the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times. It was inhabited by pre-Celtic and Celtic peoples who had contact with Phoenicians and Ancient Greek traders, it was ruled by the Ro ...
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Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to the northeast. The Aegean Sea lies to the east of the Geography of Greece, mainland, the Ionian Sea to the west, and the Sea of Crete and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin, featuring List of islands of Greece, thousands of islands. The country consists of nine Geographic regions of Greece, traditional geographic regions, and has a population of approximately 10.4 million. Athens is the nation's capital and List of cities and towns in Greece, largest city, followed by Thessaloniki and Patras. Greece is considered the cradle of Western culture, Western civilization, being the birthplace of Athenian ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ...
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World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP. The WTO facilitates trade in goods, services and intellectual property among participating countries by providing a framework for negotiating trade agreements, which usually aim to reduce or eliminate tariffs, quotas, and other restrictions; these agreements are signed by representatives of member governmentsUnderstanding the WTO' Handbook at WTO officia ...
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