for comments suggestions or further inquiries please contact philippine institute development studies the pids discussion paper series constitutes that are preliminary and subject to revisions they be ing circulated in a limited number of cop ies only purposes soliciting com ments refine under unedited unreviewed views opinions expressed those author s do not neces sarily reflect quotation without permission from june 1996 no 96 07 effects mfa phase out on garments textiles industries myrna austria research information staff 3rd floor neda sa makati building 106 amorsolo street legaspi village city philippines tel nos 8924059 8935705 fax 8939589 e mail publications pidsnet gov ph visit our website at http www table contents pages ii list tables iii figures v brief industry profile 1 agreements gatt 2 exports performance