Lessons Learned from the Phase-out of the MFA: Moving from Managed Distortion to Managed Distortion

While the elimination of the Multifibre Arrangement (MFA) was presumed to be a net global benefit because it represented an elimination of a distortionary set of trade agreements, it was based on the assumption that the underlying global trading regime was based on free trade principles. However, due to the trading pattern that has emerged after the MFA and its unintended consequences – with production infrastructure and trading rules based on distortionary incentives so entrenched into the system – the global trading regime after the elimination of quotas is still far short of free.

Issue Date:
May 04 2011
Publication Type:
Journal Article
DOI and Other Identifiers:
1496-5208 (Other)
Record Identifier:
PURL Identifier:
Published in:
Estey Journal of International Law and Trade Policy, Volume 12, Number 1
Page range:
Total Pages:
Series Statement:
Estey Centre Journal of International Law and Trade Policy
Volume 12, Number 1, Winter 2011

 Record created 2017-04-01, last modified 2018-01-22

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