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Acuerdo Comercial Asia Pacífico
Affaires Asie
Negocios Asia
Course summary Asia-Pacific Trade Agreement (APTA):
Trade profile of APTA members. Tariffs concessions. Rules of Origin.
Bangladesh, Lao People's Democratic Republic and Sri Lanka
The Asia-Pacific Trade Agreement (APTA), ex- Bangkok Agreement, signed
in 1975 as an initiative of the United Nations Economic and
Social Commission for Asia and the Pacific (ESCAP). APTA is a
preferential tariff arrangement that aims at promoting intra-regional trade
through exchange of mutually agreed concessions by member countries.
APTA Member States: Bangladesh, China,
India, Republic of Korea,
Lao People's
Democratic Republic and Sri Lanka.
APTA is the only operational trade agreement linking China and India, two
of the fastest growing markets of the world with a consumer base of 2.4
billion people, as well as other major markets such as the Republic of
Korea.
In 2005, APTA member states accounted for more than 11 per cent of world
trade. Almost 30 per cent of Bangladesh’s imports
originates from other APTA members. Over 23 per cent of exports from Republic of
Korea is destined for other APTA members. The total trade volume of APTA members
skyrocketed from a mere 140 million Dollars in 1976 to 3.1 trillion Dollars in
2008. Trade between China and India reached an astounding average annual growth
rate of 34 per cent over the past decade; the numbers are 21 per cent for trade
between the Republic of Korea and China and 16 per cent for trade between the
Republic of Korea and India during the period.
Example of the course Asia-Pacific Trade
Agreement (APTA):

The six APTA members furthermore committed to expanding their cooperation
into investment and trade facilitation by signing formal framework agreements in
those two areas. A framework agreement on trade in services was also finalized
and will be signed.
Example of the course Asia-Pacific Trade
Agreement (APTA) (In Chinese: 亚太贸易协定.

Topic:
Globalization and regionalization - China’s Free Trade Agreements (FTA)