Regulations in the Textile Industry
As with all industries, government regulations create both opportunities and challenges. Because the textile industry is highly globalized, trade agreements have become an important factor in business strategy decisions. In addition to these, the industry is also impacted by environmental, consumer protection, and labor regulations.
Trade Regulations
World Trade Organization
As discussed in Chapter 2, the United States textile industry is impacted by the rules of the World Trade Organization (WTO), formerly the General Agreement of Tariffs and Trade (GATT). Starting in 1961, trade in the global textile and apparel industry was regulated by quotas and tariff levels negotiated between countries under ...
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