Developing countries with both textile and clothing capacity may be able to prosper in the new competitive environment after the textile quota regime of quantitative import restrictions under the multi-fibre arrangement (MFA) came to an end on 1st January, 2005 under the World Trade Organisation (WTO) Agreement. As a result, the textile industry in developed countries is facing intensified competition in both their export and domestic markets. However, the migration of textile capacity will be influenced by objective competitive factors and will be hampered by the presence of distorting domestic measures and weak domestic infrastructure in several developing and least developed countries.

RCS Advisors has been advising its clients on how to improve their operations to enhance their competitiveness and thus be able to grow in the global market.

For more information on our Textile sector expertise and how we can assist you, please feel free to send us a mail on info@rcsadvisors.in