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Textile Quota Removal
24/5/2005 15:33

All quotas restricting textile and clothing trade between the World Trade Organization (WTO) members were eliminated by December 31, 2004, according to the Agreement on Textiles and Clothing reached under the General Agreement of Tariffs and Trade (GATT) in 1994. GATT is the forerunner of the WTO, of which China became a member in 2001.