SOUTH KOREA: WTO Lifts US Quotas For Womenswear
Textile exporters in South Korea are likely to be able to increase their exports to the United States next year when quotas affecting 14 items are eliminated in line with World Trade Organization (WTO) rules, the Korea Federation of Textile Industries (KOFOTI) said. The elimination of the export quotas is in line with the "third stage of integration" laid down in the WTO Agreement on Textile and Clothing (ATC).
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