PARIS — Quotas on textiles and clothing are to be phased out by World Trade Organization members in January 2005. The move will affect some $375 billion worth of international trade between 146 countries and the global ramifications are mind-boggling.
In an effort to help executives understand the change, a two-day summit called "The Future of Textiles and Clothing After 2005" kicks off today at the Charlemagne conference center in Brussels. About 800 people are expected to attend back-to-back sessions featuring experts from manufacturing, retail and trade sectors, government, academia, banking and trade unions.
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