Mon, Mar 29, 2004 - Page 10 News List

Multi-fiber pact's end spells doom for many in Asia

EXPORT LOSSES Once the quota system is over, China is expected to reap the benefits, at the expense of Cambodia, the Philippines, Nepal and other countries

AFP , SINGAPORE

Garment Manufacturers Association in Cambodia president Van Sou Ieng said his nation's government must cut bureaucracy and corruption by September, when orders for next year are placed.

"If there is no action, no progress, buyers will stop placing orders by September and by Novem-ber they [factories] will close," he said.

"The Philippines garment industry is not prepared to face the consequences of the phasing out of the multi-fiber agreement because our government has not really instituted major reforms ... it will mean a lot of job losses," said Arnold Padilla, a senior researcher at the left-wing think tank IBON foundation in the Philippines.

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