The challenges of the multi fiber arrangement : a comparative analysis of India and Sri Lanka | |
| Author | Mahesan, Kanapathipillai |
| Call Number | AIT Proj. no.SM-05-04 |
| Subject(s) | Textile industry--India Textile industry--Sri Lanka Clothing trade--India Clothing trade--Sri Lanka |
| Note | A project submitted in partial fulfillment of the requirements for the degree of Master of Business Administration |
| Publisher | Asian Institute of Technology |
| Abstract | At the end of Uruguay Round WTO was established with the major purpose of facilitating global liberal trade between member countries. Textiles and Clothing are also major concerns of the WTO. The MFA, which governs the Textiles and Clothing trade globally had been retracted by January 1, 2005 after a ten years transition period. Under the MFA developing countries have got plenty of opportunity to their Textiles and Clothing industries exports that is a major export earning source and contributor to the GDP and provider of employment oppot1unities. This study, on the abolition of quotas in the textiles and clothing industries by 2005, is meant to stimulate debate and discussion over the implications of phase out. Impact of MFA retraction severely affected the developing countries including India and Sri Lanka. Recent trade trend statistics of textiles and clothing shows developing countries market share declining gradually, and new countries and regional arrangements have grabbed the new market opportunities. This context creates tremendous challenges to existing industries of India and Sri Lanka. This study on comparing competitiveness of India and Sri Lanka in relation to textile and clothing industry concludes that there are greater untapped potentials in the areas of infrastructure, technical innovation and national economic reform for both countries. India's strengths are observed in self-sufficiency in raw materials, increasing skilled labor and improving supporting industries. Sri Lanka too enjoys advantages from literate and low wage labor, better investment framework and liberal trade policies while suffering from internal political instability. The major recommendations include for both countries to exploit the existing regional arrangements, look for new market opportunities, retain niche market and expedite the reform process. |
| Year | 2005 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Swierczek, Fredric W.; |
| Examination Committee(s) | Paul, Himangshu;Singha Chiamsiri; |
| Scholarship Donor(s) | Government of Sri Lanka; |
| Degree | Project (M.B.A.) - Asian Institute of Technology, 2005 |