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Why didn't the multifiber arrangement (MFA) work?

  • Why didn't the multifiber arrangement (MFA) work?
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Answer #1

The MFA was indeed designed to protect the textile industries of the developed economies from that of the developing economies on the whole. However it was ended in 2005. Though it is not a failure totally as it spurred the growth of textile industries in the developed economies, however the average productivity of the textiles around the world decreased and this even impacted to a greater extent to the developing economies and this failed in the perspective and goals of WTO which made it to dismantle the treaty.

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