I'm not sure that I agree with this rather long article from www.commondreams.orghttp://www.commondreams.org/views05/0113-32.htm
But it is so rare to actually see a general interest mention of the Multi-Fibre Agreement.
The MFA has usually been presented to me as a bad thing: Developed nations' textile industries are protected from the cheaper products of poor countries with low labour costs. This is good for our domestic textile workers who are mostly working poor, and who cannot, and should not compete with sweatshops in countries where labour "peace" is won by brutal oppression.
On the other hand, some nations have no way to earn capital and develop other than through the world market. Their only comparative advantage is cheap labour and textiles is a building block industry. The MFA hypocritically limits their free market advantage and forces them to a maximum market share in the developed countries. Threats to slash these maximums are often used to discipline poor countries over differences on other issues.
The article linked to above says that the expiration of the MFA will lead to international chaos, as China and India prosper and nations in South America and Africa lose their tiny guaranteed quotas.
Very important international implications.