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Overview

The Asia-Pacific Trade Agreement (APTA) is a preferential trade arrangement formerly known as the Bangkok Agreement. The Bangkok Agreement, signed in 1975 as an initiative of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), is a preferential trade arrangement among developing countries. Till now, signatories to the Agreement include China, Bangladesh, India, Lao, Republic of Korea and Sri Lanka. At the First Session of the Ministerial Council of the Bangkok Agreement in Beijing on November 2, 2005, representatives from the member countries endorsed the revised text of the Agreement and decided to rename the Agreement as the Asia-Pacific Trade Agreement. Since Sep. 1 st, 2006, the outcome of the third round of tariff cut talks was successfully implemented by all members of APTA. At present, the fourth round of negotiations is underway and it involves tariff concessions of trade in goods, trade in services, investment, trade facilitation, and non-tariff measures, etc.

Approved by:MINISTRY OF COMMERCE,PRC     Supported by:China International Electronic Commerce Center