Politics and Positioning in International Trade: The Multi-Fiber Arrangement and Textile D, Study notes of International Business

Download Politics and Positioning in International Trade: The Multi-Fiber Arrangement and Textile D and more Study notes International Business in PDF only on Docsity! IN312 International Trade Chapter 6 Politics & Political Positioning Pat Yanez/FIT Department of International Trade & Marketing (ITM) http://www3.FITnyc.edu/ITM The Multi-Fiber Arrangement & Its Extensions 1961 Short Term Arrangement 1962 Long Term Arrangement 1974 – 77 MFA I 1977 – 81 MFA II 1981 – 86 MFA III 1986 - 1991 MFA IV 1991, 92, 93 Extensions of MFA IV 1994 2004: Agreement on Textiles & Clothing (ATC)- 2005-2013: Safeguards 2005 - 2008 Unilateral 2009 - 2013 Bilateral Pat Yanez/FIT Chapter 6 – Politics & Political Positioning: U S Textile Trade Decision-Making. . Pat Yanez/FITSource: Going Global, Kunz & Garner, 2007. Page 145 Chapter 6 – Politics & Political Positioning: Textile/Apparel (T&A) Trade Politics U.S. Textile Manufacturing U.S. Apparel Manufacturing U.S. T&A Retailing 19 0’ P d ti tl f d ti k t5 s ro uc on mos y or omes c mar e s Japan becomes serious competitor Mostly local sourcing Some Int’l buying1960’s New competitors: India, Turkey, Taiwan, Hong Kong Short & Long term arrangements 1970’s New Competitors: South Korea, Mexico Multifiber Arrangement Increasing int’l buying 1980’s Trade protection with fabric forward rules Stronger MFA Int’l marketing Earl so rcing y u 1990’s Trade protection with yarn forward rules US-Canada FTA Int’l sourcing Mostly sourcing Free trade advocate 2000’s Moving toward int’l Seeking Freer trade Mature sourcing production Social Responsibility Multinational 2010’s Free trade? Anti-Dumping? Free trade? Free trade? Pat Yanez/FITSource: Adapted by P. Yanez from “Going Global”, Kunz & Garner, 2007. Page 150