WASHINGTON — The U.S. International Trade Commission has a big question to answer: Who will win and lose when quotas are lifted on apparel and textile products in 2005?
Apparel and textile executives weighed in on the impact of a quota-free world at an ITC hearing Wednesday and reached consensus on only one point: China will dominate apparel and textile trade in 2005 and beyond. The heart of the disagreement lies in different perspectives on how sourcing patterns will change once quotas are removed.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"