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The Multi Fibre Arrangement (MFA) governed the world trade in textiles and garments from 1974 through 1994, imposing quotas on the amount developing countries could export to developed countries. Its successor, the Agreement on Textiles and Clothing (ATC), expired on 1 January 2005.
According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$ 55 billion, 64% of which services domestic demand. [1] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India. [3]
In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
For information on exports, see Export. For Harmonized Codes, see Harmonized System. The following is a list of export product categories that were exported the most and fetched foreign currency for India. The list includes the HS Codes and the value of the product exported. The data referenced in the system do not have any legal sanctity and ...
India's cotton industry struggled in the late 19th century because of unmechanized production and American dominance of raw cotton export. India, ceasing to be a major exporter of cotton goods, became the largest importer of British cotton textiles. [61] Mohandas Gandhi believed that cotton was closely tied to Indian self-determination. In the ...
Made Trade compiled a brief history of women and textiles in the United States, drawing on historical museum documents, interviews, and research.
Thus, the Agreement on Textiles and Clothing (ATC) stipulated a systematic and progressive elimination of the Multi Fiber Arrangement (MFA) over a span of ten years. This process culminated on 1 January 2005. Under the MFA, quotas were imposed on the export of textiles and garments from developing countries to developed nations from 1974 to 1994.
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