What is MULTI FIBER AGREEMENT (MFA)?

Two countries may negotiate quota restrictions on textile and apparel imports from each other under this specific international trade agreement. Under World Trade Organization (WTO) rules, MFA restrictions are prohibited and required to be phased out by 2005.

More On This Topic



Link to This Definition
Did you find this definition of MULTI FIBER AGREEMENT (MFA) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary