International Business Law

Paper Summary:

This paper evaluates the significance of the Multifibre agreement for China. The paper shows that when it was removed from practice, there were a number of important consequences for trade practices throughout the world, and these issues were initiated by a number of parties, including the United States and the World Trade Organization, amongst others.

From the Paper:

"During the past several decades, the ability of China to participate in various trade opportunities has been altered by a number of different agreements, which have led to consequences for the Chinese government. These issues have made considerable attempts to limit China's trade options due to their questionable activities in world trade. One such agreement, known as the Multifibre Arrangement, which provided some restrictive clauses regarding trade opportunities, particularly for China. The World Trade Organization, the European Union, and the United States have served as formidable influences in limiting trade and relations with China as a result of their widespread Communist activities and rule. The following discussion will evaluate the role of these issues in greater detail, emphasizing the importance of the Multifibre Arrangement and other measures taken to protect world trade from the detrimental influence of Chinese rule."

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