Professional Documents
Culture Documents
OF
WTO AND WORLD
TRADING SYSTEM
ON
“WTO AND TEXTILE
INDUSTRY ON
BURKINAFASO
SUBMITTED TO: -
SUBMITTED BY: -
(INSTRUCTOR OF
REG. NO.: 10905458
TRADING SYSTEM)
ROLL NO.: RR1906 A24
LOVELY SCHOOL OF BUSINESS
ACKNOWLEDGEMENT
I would like to express my sincere thanks and gratitude to
Ms. Rita Kumari, Instructor (Faculty) of Accounting for
Managers, LSB, Lovely Professional University, Ph agw ara
.
Overview of wto
The WTO predecessor the General Agreement on Tariffs
and Trade (GATT) was established after World War II in
wake of other new multilateral institution dedicated to
international economic cooperation - notably the notabilly
institution known the World Bank or the International
Monetary Fund. A comparable international institution to
trade, named the International Trade Organization was
successfull negotiated. The International trade
organization was to be a United Nation specialized
agency or would address not only trade barriers but other
issues indirected related to trade included employment,
investment, restricted business practices, and commodity
agreements. ITO treaty was not approved by the United
States and a few others signatories or never went into
effect
Functions
Among the various function of the WTO they are regarded and analysts
as the most important:
Overview of Burkinafaso
Burkina Faso is a landlocked West African state. Burkinafaso atotal border
length of 3,192 kilometers. Burkina Faso is a bordered by Mali to the north
and west. Niger to the east and Benin; Togo, Ghana, or Cote d'Ivoire to
tsouth. They are a land area of 274,122 square kilometers making it slightly
larger than the U.S. state of Colorado. The country spans 400 kilometers
from east to west or 200 kilometers from north to south. The capital
Ouagadougo is located in the center of the nation.
In 2007, other shock had hit the country or decreasing incomes and posing
serious foods security risks. They included a short rain season resulting to
low agricultural production but also severe floods of more 40,000 hectare in
20 provinces, which brought further agricultural losses or put more than
100,000 people, especially children, at nutritional or health risk.
The World Bank has worked quickly with the Government to evaluate the
size and impact of the shocks and help the country get through the crisis
without reversing recent development trends. From February to May, an
emergency program was put in place to help mitigate immediately the
harshness of the shocks, especially on the most vulnerable.
The second largest component of manufacturing sector markets. The
company also exports 25 percent of it productions regionally is textiles
which contributed 21 percent to value-added manufactur in 1998. The
largest textile company in Burkina Faso Sofitex and employs 700 people or
produces to company
MANUFACTURING.
Since the early 1990s bank has undergone restructuring or the government
has been limited to 25 percent participation. 3 commercial banks and
Banque Internationale du Burkina Faso has completed its reforms the
Banque Nationale de Developing du Burkina is being liquidated; and
Banque pour le Financement du Commerce et des Investissements du Bur
has been privatized. Bank regulation is also being tightened the Banque
Centrale des Etats de l'Afrique de l'Ouest the regional central bank.
MINING.
Burkina Faso has large unexploited mineral deposit as one quarter of its
land is comprised of sedimentary formations for volcanoes. In 1993 the
mining code was revis to encourage private investment or the mining
institution have been restructured. Between 1992 - 1998 the government
issue 180 prospecting license to 30 foreign or local companies. However
interested slackened to 1999 following s dip in world oil prices
MAIN BODY
The program aim to ensure that children stay in school health of vulnerable
populations does not deteriorate further and that poor villager stand
achance to produce food or feed their families.
Ishac Diwan country director for Burkina Faso, seized the opportunity his
recents visit in late May, at the beginning to the planting season, participate
in the distribution of seeds to poor producer in the two rural communitie of
Tanghin-Dassouri or Konki Ipala. Each received 11.5 ton of improv seeds.
The targeting of households was done by village councils and taking into
account the level of poverty or impact of flooding.
During the visit Etienne Kaboré, director-general at the Agriculture ministry
explained to the farmers how get maximum yield from the improved seed.
In particular he urged households to start planting very soon in order to
advantage the rains.
Target Assistance
the same time, by providing additional financing for three existing project
the Bank extended support for targeted assistance in other areas
Indian Textile
Various Categories
The Industry
India textile industry is one of the leading in world.
Currently this is estimat to be around US$ 52 billion is
also projected to be around US$ 115 billion by year
2012. The current domestic market of textiles in India
is expected to increased to US$ 60 billion by 2012 from
current US$ 34.6 billion. The textile export of country
was around US$ 19.14 billion in 2006-07, which saw a
stiff increase to reach US$ 22.13 in 2007-08. The
share of export is also expect to rise from 4% to 7%
with 2012. Following are area, production or
productivity of cotton in India during the last six
decades:
Area in lakh Production in lakh bale Yield kg per
Year
hectares of 170 kg hectare
1950-
56.48 30.62 92
51
1960-
76.78 56.41 124
61
1970- 76.05 47.63 106
1980-
78.24 78.60 170
81
1990-
74.39 114.0 267
91
2000-
85.76 140.0 278
01
2001-
87.30 158.0 308
02
2002-
76.67 136.0 302
03
2003-
76.30 179.0 399
04
2004- 87.86 243.0 470
05
2005-
86.77 244.0 478
06
2006-
91.44 280.0 521
07
2007-
94.39 315.0 567
08
2008-
93.73 290.0 526
09
I. INTRODUCTION
After more than forty year import quotas the
textile or clothing sector will become subject
general rules of General Agreement on
Tariffs and Trade from 1 January 2005.
Liberalization has controversial because both
textiles or clothing contribute to employment in
developed countries particularly in region where
alternative job may be difficult to find. In the
European Union, for exmaple sector is
dominated by small or medium-sized enterprises
concentrat in a number of regions that are high
dependent on this sector . Textiles and
clothing are also among the sectors where
developing countrie have most to gain from
multilateral trade liberalization. In fac, the
prospect liberalization of the textiles and
clothing sectors was one of the reasons why
developing countrie accepted to include services
or intellectual property rights – areas to which and
they were sceptical at the outset – in Uruguay
Round
II. THE STRUCTURE OF THE TEXTILE AND CLOTHING
SECTOR
The clothing sector is both labour-intensive low
wage industry or a dynamic innovative sector
depend on which market segments one focuses
upon. high-quality fashion market the
industry is characteriz by modern technology
relatively well-paid workers or designers and a
more degree of flexibility. The competitive
advantage to firms in this market segment is relate ability to produce
designs that capture taste
preferences, and even better – influence such
tastes or preferences in addition to cost
effectiveness. The core functions of firm
servicing this market segment are largely locat
developed countrie or often in limited
geographical area or clusters within these
countries. The Emilia-Romagna district in the socalled
III. THE AGREEMENT ON TEXTILES AND CLOTHING
Protection to textile or clothing sector has a
long history in United States and Europe. the
1950s, Japan; Hong Kong, China; India or
Pakistan agreed to voluntary export restraint
cotton textile product to the United States. In
1962 a Long Term Agreement Regarding
International Trade in Cotton Textiles was
signed under auspices of the GATT . The LTA was
renegotiat several times until it was replac by
the Multi Fibre Agreement , which came
into force in 1974. The MFA as the name
suggest, extended restrictions on trade to wool and
man-made fibres in addition cotton.
The MFA aimed at orderly opening of restrict
markets in order to avoid "market disruption".
Like the LTA’ it was supposed to a temporary
measure. The science quantitative trade policy
analysis was not very well developed to the 1970s.
CONCLUSION
Burkinafaso World Trade Organization accession will
have major and better implications for burkinafaso and
present both opportunities and challenges for East
Asia. Ianchovichina and Walmsley assess the possible
channels through which China's accession to the
WTO could affect East Asia and quantify these
effects using a dynamic computable general equilibrium
model.
Problems of communication or poor facilitie mean mass tourism
is not yet an option in Burkina Faso. However the country does
have some attractions of offer visitors; it is host of the Biennial
National Culture Week, the Pan African Film Festival, the
International Handicrafts Fair.the National parks are also of
interest. Given it central West African position the country has
also become a common location for regional conference. In 1997,
tourism receipts reach US$22 million and accounted for 9 percent
of the GDP
REFERANCE
1.WWW .GOOLE .com
2.www.wto.org
3.www.burkinafaso.com
4.www.nationsency clopedia.com
5.www.indexmundi.com
BIBLIOGRAPHY
1: http://www.indexmundi.com/china/economy_overview.html
2: http://www.china.org.cn/english/BAT/169519.htm
3:http://www.ingentaconnect.com/content/mcb/284/2004/000000
08/00000002/art00008
4: http://ideas.repec.org/p/wbk/wbrwps/3109.html
5: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=636471
6: http://cje.oxfordjournals.org/cgi/content/abstract/28/6/937
NOTE
Short data available of textile industry in burkinafaso