GENEVA — The end of quotas on textiles and clothing in 2005 is likely to bring a surge in business for Chinese and Indian apparel makers, according to a recently released U.N. study. The report predicted that China’s apparel consumption would surge along with the nation’s growth in exports.
The study predicted that there will be much shifting in trading patterns over the remaining 17 months till the quotas are dropped by World Trade Organization nations. That move will liberalize the world apparel trade, which the study valued at $344 billion in 2001, and shift production centers.
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?"