1945

The 15-year crisis

image of The 15-year crisis

On 1 January 2005, garment export quotas worldwide were scheduled to be phased out, forever altering the international garment industry as we know it today. Government and garment industry leaders in developing countries everywhere realize the impending quota phase-out will disastrously affect not only their local industries but their overall economies as well.

Related Subject(s): International Trade and Finance
Sustainable Development Goals:
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