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AGREEMENT ON TEXTILES AND CLOTHING (ATC)

The Multi Fibre Arrangement (MFA), which allowed countries to maintain discriminatory quantitative restrictions on imports of textiles and clothing, was terminated in 1994 with the entry into force of the World Trade Organization. The WTO Agreement on Textiles and Clothing provides for a transitional period for integrating the textiles and clothing sector into the GATT 1994. The Textile Monitoring Body (TMB) supervised the implementation of this Agreement, which was phased out as of January 2005.