The Empire's New Clothes
When global trade rules change, how much time should the E.U. need to prepare? World Trade Organization members had 10 years to ready themselves for the Jan. 1 lifting of quotas on textile and clothing imports. So why is Brussels still jittery? Showing off its caring side, the E.U. fears a surge in Chinese imports could hurt textile suppliers in small countries like Bangladesh and Mauritius, which rely heavily on exports. With China's share of the world's $400 billion clothing and textile export

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!