The World Trade Organization Agreement on Textiles and Clothing led to the termination of quantitative restrictions at the end of 2004. Under the agreement, countries will no longer be able to protect their own industries by means of restrictions on imports of textile and clothing products....

Developing countries are concerned that multilateral tariff reductions will harm their agricultural sectors because of preference erosion. The findings in this report suggest that although this may indeed be a problem for some countries in some sectors, factors other than preferential schemes...