ABSTRACT

Tariff reductions were of little importance in the creation of a special regulation for textile trade. Those difficulties experienced by the developed countries consisted more in the avalanche of imports from certain states of determined products than tariff reductions in themselves. The aim pursued according to the text of the MFA was the liberalization of textile trade through the orderly and progressive elimination of obstacles. One of General Agreement on Tariffs and trade (GATT) limits is that it is only binding for states, leaving aside other actors in the international economy, whose intervention is very important in the field of trade relations. Given that the leading legal principles of both GATT and the MFA systems are in some cases radically different with one regulating general norms and the other essentially safeguards, it is evident that the ways designed for reaching the final goal of liberalization were also different.