Multi Fibre Arrangement
The World Textile Agreements (English: Agreement on Textiles and Clothing ( ATC) ) was a valid from 1 January 1995 to 2004 international agreement for the textile and clothing industry. It regulated the gradual transition of these previously protected by import quotas industry to a World Trade Organization underlying industry. In order to monitor the agreement, the Textiles Monitoring Body (English: Textiles Monitoring Body (TMB ) ) was set up, which consisted of a chairman and ten members.
The valid from 1974 Multi -Fibre Agreement (English: Multi- Fibre Arrangement ( MFA) ) replaced, which came into force on October 1, 1962, and 1967 and 1970 extended cotton textile agreement (English: Agreement in International Trade in Cotton Textiles ). The Agreement stood up to the conclusion of negotiations on the Uruguay Round of the General Agreement on Tariffs and Trade ( GATT) outside the normal GATT, so that there shall be, contrary to the usual rules, import quotas to protect the textile and clothing industry in the industrialized countries could. On 1 January 1995, the Multi -Fibre Agreement was replaced by a 10-year transitional agreement that world textile agreement. The transition took place in four steps. Since 1 January 2005, the textile and clothing industry falls under the normal rules of the World Trade Organization.
After the expiry of any restriction on trade, China's exports grew strongly, so China under pressure from the EU exports limited voluntary.