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Transcript of 1 sample16c131 globalization-trade-agreements
Globalization Trade Agreements
Multilateral Agreements, Customs Unions, Free Trade Agreements and Partial Preferential Agreements
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Uploaded: May 26, 2016
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Abstract
All through the world, globalization has taken place rather rapidly in the aftermath of World
War 2. (Urata, 2002) Brought about by the increasing economic awareness and flexibility,
various trade agreements have been signed by different countries to increase the level of
productivity and exploit the various resources available in other countries.
MULTILATERAL TRADE AGREEMENT:
With the help of new and fast developing technologies, several countries are enhancing the
quality of textiles and other cotton related products. (FAO, 2004).The agreement on textiles
and clothing, lays down several provisions which include; that all members consent to the
procurement laid out in Article 2, Section 18 as well as the 6(b) of the Article 6 in a way that
enables small suppliers and new entrants in the sector to procure and access resources
available. (SICE (a), 2015) Moreover, existing members will be obliged to safeguard the
opinion of the other members “who have not acknowledged the Protocols augmenting the
Arrangement Regarding International Trade in Textile” (SICE (a), 2015). Also included is
the member’s consent to the provisions of this agreement that the specific interests of the
cotton manufacturing or exporting members ought to, in counsel with them, be reflected.
(SICE (a), 2015)