The Impact Of Trade Liberalisation On The Textile And Clothing Sector
- IJLLR Journal
- 4 hours ago
- 1 min read
Ms. Sumanpreet Kaur, Research Scholar, Department of Laws, Panjab University, Chandigarh
ABSTRACT
Trade liberalisation is one of the prominent aspects of today’s economy. It gives the States freedom to trade globally. It can also create opportunities for domestic manufacturers to expand their export markets and access new customers abroad. Though, sometimes, restrictions are mandatory in order to avoid market disruptions. However these often interrupt the free flow of trade. Textile industry has always been important in the process of industrialization for countries world over. Textile goods are very important products for many economies, and for the people who make things like clothes, T-shirts, and blankets that are shipped to retail stores.
There has been number of conventions and agreements at international, regional and national level dealing with trade liberalisation. Every new policy gives rise to fresh issues while seeking to resolve old ones. The trade liberalisation in textile sector is concerned with the deeper interests of vast population including owners, producers, distributors, workers and consumers. The shall focus on the impact of globalisation and International Trade on Textile and Clothing sector and how it affects the legal
framework governing this sector.
Keywords: trade, textile, clothing, economy, agreement, competition
