With Multi-Fiber Arrangement (MFA) eliminated on Dec 31, 2004, the debates and concerns on the trade of textile and apparel have been growing. The objective of this study is to examine the impacts of alternative polic...With Multi-Fiber Arrangement (MFA) eliminated on Dec 31, 2004, the debates and concerns on the trade of textile and apparel have been growing. The objective of this study is to examine the impacts of alternative policies on China and World economy after canceling MFA. Based on a general equilibrium model of the Global Trade Analysis Project (GTAP), study shows that China and World will significantly benefit from further trade liberalization. However, if USA, EU and Canada converted to TBT to restrict import, the gains from eliminating MFA would be largely offset. Based on our analysis, some policy implications are discussed.展开更多
基金Financial support from the National Science Foundation of China （70333001 and 70021001） is gratefully acknowledged. The paper has benefited from the advice from Prof. Frank van Tongeren in LEI and Prof. Weiming Tian in Chinese Agricultural University on technical and modeling aspects.
文摘With Multi-Fiber Arrangement (MFA) eliminated on Dec 31, 2004, the debates and concerns on the trade of textile and apparel have been growing. The objective of this study is to examine the impacts of alternative policies on China and World economy after canceling MFA. Based on a general equilibrium model of the Global Trade Analysis Project (GTAP), study shows that China and World will significantly benefit from further trade liberalization. However, if USA, EU and Canada converted to TBT to restrict import, the gains from eliminating MFA would be largely offset. Based on our analysis, some policy implications are discussed.
