Answer
MFA
means Multifibre Arrangement. GATT-approved
Multifibre Arrangement (MFA) which accelerated international relocation of
garment production in 1974. Under MFA, large importers of RMG like USA and Canada
imposed quota restrictions, which limited export of apparels from countries
like Hong Kong, South
Korea, Singapore,
Taiwan, Thailand, Malaysia,
Indonesia, Sri Lanka and India
to USA and Canada. On the other hand,
application of MFA worked as a blessing for Bangladesh.
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