Multiple choice

When was the quota system in textile's foreign trade abolished?

  1. January 1, 2003

  2. January 1, 2004

  3. January 1, 2005

  4. January 1, 2006
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The quota system in international textile trade was abolished on January 1, 2005, marking the end of the Multi-Fibre Arrangement (MFA). This was a significant milestone in global trade liberalization under the WTO Agreement on Textiles and Clothing (ATC), which phased out quantitative restrictions on textile trade over a 10-year period.

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