Effects of WTO on the Textile Industry on Developing Countries

The current investigates the Effects of WTO on the Textile Industry on Developing Countries. Data were collected from various secondary sources and data is analyzed by using SPSS-20 version statistical software. It was revealed that WTO more industrialized countries consented to export fewer texti...

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Main Authors: Syed Abdul Sattar Shah, Anwar Ali Shah G. Syed, Faiz M. Shaikh
Format: Article
Language:English
Published: Romanian National Institute of Statistics 2013-07-01
Series:Revista Română de Statistică
Subjects:
Online Access:http://www.revistadestatistica.ro/wp-content/uploads/2014/02/rrs_06_2013_a5en.pdf
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author Syed Abdul Sattar Shah
Anwar Ali Shah G. Syed
Faiz M. Shaikh
author_facet Syed Abdul Sattar Shah
Anwar Ali Shah G. Syed
Faiz M. Shaikh
author_sort Syed Abdul Sattar Shah
collection DOAJ
description The current investigates the Effects of WTO on the Textile Industry on Developing Countries. Data were collected from various secondary sources and data is analyzed by using SPSS-20 version statistical software. It was revealed that WTO more industrialized countries consented to export fewer textiles while less industrialized countries enjoyed increased quotas for exporting their textiles. Bangladesh was expected to suffer the most from the ending of the MFA because it was expected to face more competition, particularly from China, it has tried to maintain its competitiveness in the post-quota era. It was further revealed that It has also been examined that all over the world textile industries are facing high inflation which is the hottest issue due to which the cost of doing business is going higher and higher day by day. The Chinese, Indian, Sri Lankan and Bangladeshi textile manufacturers are also out of those affected ones whose major issues are associated with increased cost of production. China’s dominance of the global garments trade has also been affected due to the rise in the costs of material, labour, energy, environmental protection and high interest rate. Furthermore, the environmental standard is also a barrier to many Chinese enterprises; even most of the Chinese enterprises have inputted environmental Standard.
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spelling doaj.art-25d57a8d0b7142f6ba3d0de24bd792222022-12-21T17:43:53ZengRomanian National Institute of StatisticsRevista Română de Statistică1018-046X1844-76942013-07-016166077Effects of WTO on the Textile Industry on Developing CountriesSyed Abdul Sattar Shah0Anwar Ali Shah G. Syed1 Faiz M. Shaikh2University of Sindh-JamshoroUniversity of Sindh-JamshoroSZABAC-Dokri-Larkana –SindhThe current investigates the Effects of WTO on the Textile Industry on Developing Countries. Data were collected from various secondary sources and data is analyzed by using SPSS-20 version statistical software. It was revealed that WTO more industrialized countries consented to export fewer textiles while less industrialized countries enjoyed increased quotas for exporting their textiles. Bangladesh was expected to suffer the most from the ending of the MFA because it was expected to face more competition, particularly from China, it has tried to maintain its competitiveness in the post-quota era. It was further revealed that It has also been examined that all over the world textile industries are facing high inflation which is the hottest issue due to which the cost of doing business is going higher and higher day by day. The Chinese, Indian, Sri Lankan and Bangladeshi textile manufacturers are also out of those affected ones whose major issues are associated with increased cost of production. China’s dominance of the global garments trade has also been affected due to the rise in the costs of material, labour, energy, environmental protection and high interest rate. Furthermore, the environmental standard is also a barrier to many Chinese enterprises; even most of the Chinese enterprises have inputted environmental Standard.http://www.revistadestatistica.ro/wp-content/uploads/2014/02/rrs_06_2013_a5en.pdfDeveloping CountriesTextile IndustryWTO
spellingShingle Syed Abdul Sattar Shah
Anwar Ali Shah G. Syed
Faiz M. Shaikh
Effects of WTO on the Textile Industry on Developing Countries
Revista Română de Statistică
Developing Countries
Textile Industry
WTO
title Effects of WTO on the Textile Industry on Developing Countries
title_full Effects of WTO on the Textile Industry on Developing Countries
title_fullStr Effects of WTO on the Textile Industry on Developing Countries
title_full_unstemmed Effects of WTO on the Textile Industry on Developing Countries
title_short Effects of WTO on the Textile Industry on Developing Countries
title_sort effects of wto on the textile industry on developing countries
topic Developing Countries
Textile Industry
WTO
url http://www.revistadestatistica.ro/wp-content/uploads/2014/02/rrs_06_2013_a5en.pdf
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