The end of textile quotas presents a textbook opportunity to realize the benefits of free trade.
Disputes over patent rules and textile quotas have been around for years.
The expiration on Jan. 1 of global textile quotas has flooded world markets with Chinese apparel.
We'll see a series of agreements on textile quotas, steel, intellectual property and so on.
But a group of Chinese business students he met with here seemed to have only one thing on their minds: textile quotas.
In two years, all textile quotas worldwide will be eliminated and China will be free to flood the market with its goods.
The European Union, however, welcomed the Chinese announcement and reaffirmed that it would lift its textile quotas without limits.
In the mid-2000s, exports declined when the Canadian dollar strengthened and Asian textile quotas ended.
For those countries affected by the liberalisation of textile quotas, the best option would be to adopt measures to improve the range of goods they offer.
Why accept the end of textile quotas and the laying off of tens of thousands of European workers?