1. All quantitative restrictions under bilateral agreements maintained in accordance with Article 4 or which entered into force in accordance with Article 7 or Article 8 of the WTO Agreement shall be notified in detail within sixty days of the entry into force of the WTO Agreement, including restriction levels, growth rates and flexibility rules. by Members which maintain such restrictions on the Textiles Surveillance Body provided for in Article 8 (referred to as TMB) in this Agreement. Members agree that from the date of entry into force of the WTO Agreement, all such restrictions, maintained between the GATT Parties in 1947 and applicable on the eve of the entry into force of the WTO Agreement, shall be subject to the provisions of this Agreement. Textiles and clothing products were reintroduced into GATT rules for a period of ten years. This was done gradually in four stages, in order to give importers and exporters time to adapt to the new situation. Some of these products were previously under quota. Any quotas in force on 31 December 1994 have been included in the new Agreement. For products that had quotas, the result of integration into GATT was the abolition of these quotas. (16) The provisions on flexibility, i.e. swing, carryover and carry forward, which apply to all restrictions maintained under this Article, are the same as those laid down in the MFA bilateral agreements for a period of twelve months before the entry into force of the WTO Agreement. No quantity may be limited or maintained for the combined use of momentum, transmission and transmission.
The Textiles and Clothing Agreement (ATC) and all restrictions were denounced on 1 January 2005. The expiry of the ten-year transitional period for the implementation of the AtC means that trade in textile and clothing products is no longer subject to quotas under a special regime outside the normal WTO/GATT rules, but is now subject to the general rules and disciplines of the multilateral trading system. The agreement provided for special treatment for certain categories of countries, for example. B new entrants, small suppliers and least developed countries. From 1974 until the end of the Uruguay Round, trade was governed by the Multifibre Agreement (MFA). This was a framework for bilateral agreements or unilateral measures that set quotas limiting imports into countries whose domestic industry is seriously harmed by a rapid increase in imports. . . .