FOR the textile and garment industry, 2005 will be a watershed year. Three decades of protectionism in the form of the Multi Fibre Agreement (MFA) will be swept away on Jan 1, meaning that apparels manufactured in Malaysia and other developing countries for sale in the US and European Union will no longer be constrained by import quota restrictions.
But what would seem like grounds for celebration is, for some local textile and garment manufacturers, starting to look like a wake.
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