Final answer:
Textiles are traded globally, with countries specializing in certain types of textiles and exporting them. Global trade has boosted the textile industry in developing countries, and trade agreements and organizations regulate and facilitate the trade of textiles.
Step-by-step explanation:
Textiles are related to global trade in several ways. Firstly, textiles are one of the most widely traded commodities in the world. Countries specialize in the production of certain types of textiles and export them to other countries. For example, China is a major exporter of textiles, supplying clothing and fabrics to countries all over the world.
Secondly, global trade has led to the growth of the textile industry in many developing countries. These countries often have a comparative advantage in labor-intensive textile production, and they can benefit from exporting textiles to wealthier countries.
Lastly, trade agreements and organizations like the World Trade Organization (WTO) have played a significant role in regulating and facilitating the global trade of textiles. They aim to reduce barriers to trade and create a more level playing field for textile producers and exporters.
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