What Is Agreement On Textiles And Clothing

9. Details of the agreed restraint measure are communicated to the TMB within 60 days of the conclusion of the agreement. The TMB determines whether the agreement is justified under this section. The TMB is made available to the TMB of factual data provided to the President of the TMB in accordance with paragraph 7, as well as any other relevant information provided by the members concerned. The TMB may make recommendations that it deems appropriate for the members concerned. 1. Within 60 days of the WTO agreement coming into force, members who maintain restrictions (4) on textile and clothing products (with restrictions other than those under macro-financial assistance and under Article 2), whether or not they comply with the 1994 GATT, in detail. Notifications should contain, if any, information on any justification for the 1994 GATT restrictions, including the 1994 GATT provisions on which they are based. 10. This agreement does not prevent a member who has submitted an integration program covered by paragraphs 6 or 8 from incorporating products into the GATT earlier than planned in such a program. However, such product integration comes into effect at the beginning of a contract year and details are communicated to the TMB at least three months before that date, so that they can be put into circulation by all members. Macro-financial assistance was introduced in 1974 as a short-term measure to enable industrialized countries to adapt to imports from developing countries.

Developing countries and countries that do not have a welfare state[1] have a comparative advantage in textile production because they are labour-intensive and their poor social security systems allow them low labour costs. [2] According to a study by the World Bank and the International Monetary Fund (IMF), the system has cost developing countries 27 million jobs and $40 billion in lost exports per year. [3] Developing countries have opposed measures such as a social clause in customs agreements to make them conditional on improving working conditions. 2. Members agreed to use the provisions of Article 2, paragraph 18, and Article 6, paragraph b, paragraph 6, point b), so that small suppliers have tangible access opportunities and to develop economically important business opportunities for new entrants to the textile and clothing sector. 1. This agreement and all the restrictions provided for are terminated on the first day of the 121st month of the WTO agreement, when the textile and clothing sector will be fully integrated into the 1994 GATT. There is no renewal of this agreement. 10. However, if there is no agreement among members after the 60-day period from the date of the consultation request expires, the member responsible for taking safeguards may apply the restriction to dementia. or to apply the export date in accordance with the provisions of this article within 30 days of the 60-day period for consultations, while having the issue known by the TMB. It is open to both Member States to refer the matter to the TMB before the 60-day period expires.

In both cases, the TMB promptly reviews the matter, including the finding of serious injury or a real threat to such damage, and its causes, and makes appropriate recommendations to the members concerned within 30 days.