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BharatTextile.com ť Import/Export News ť TAIWAN: Consumers may soon reap benefits of free trade

TAIWAN: Consumers may soon reap benefits of free trade

The end of textile quotas presents a textbook opportunity to realize the benefits of free trade. If companies like the Limited and Banana Republic can buy specific clothing items from the cheapest and most efficient producer...

TAIWAN: Consumers may soon reap benefits of free tradeThe new post-quota world was envisioned some 10 years ago when the World Trade Organization ordered that clothing import quotas be abolished by 2005. In theoretical terms, that means that China, Indonesia, Pakistan and other countries that produce textiles and apparel can ship as much as they want to the United States. The end of textile quotas presents a textbook opportunity to realize the benefits of free trade. If companies like the...

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