The End of Textiles Quotas: A Case Study of the Impacton Bangladesh

June 1, 2004

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Montfort Mlachila, and Yongzheng Yang. The End of Textiles Quotas: A Case Study of the Impacton Bangladesh, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper evaluates the effects on the Bangladeshi economy of phasing out textile and clothing (T&C) quotas currently maintained by industrial countries. The planned abolition of the quotas under the Agreement on Textiles and Clothing in 2005 will alter the competitiveness of various exporting countries. Bangladesh relies heavily on textile and clothing exports and is potentially very vulnerable to this change in competitiveness. Based on assessments of quota restrictiveness and export similarity, and an analysis of its supply constraints, the paper concludes that Bangladesh could face significant pressure on its balance of payments, output, and employment when the quotas are eliminated.

Subject: Balance of payments, Competition, Export performance, Exports, Financial markets, Foreign direct investment, Imports, International trade

Keywords: Aggregate quota, ATC, Bangladesh, Bangladesh enterprise Institute, Clothing, Competition, Export performance, Export similarity, Exports, Foreign direct investment, Garments export, Global, Imports, Knitwear sector, MFA, Quota phase-out, Quota price, Quota removal, Quota rent, Quotas, RMG export, RMG sector, Textile and clothing, Textiles, Trade weight, WP

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/108
Stock No:

WPIEA1082004
ISBN:

9781451853131
ISSN:

1018-5941

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