Wait...

Online India Export Import Data Search

Complete Training Video : Click Here

Asia Pacific Trade Agreement APTA




Asia Pacific Trade Agreement (APTA)


The Asia-Pacific Trade Agreement (APTA), previously named the Bangkok Agreement, signed in 1975 as an initiative of ESCAP, is a preferential tariff arrangement that aims at promoting intra-regional trade through exchange of mutually agreed concessions by member countries. APTA has five members namely Bangladesh, China, India, Republic of Korea, Lao People's Democratic Republic and Sri Lanka. ESCAP functions as the secretariat for the Agreement.

  1. During the Second Session of the Ministerial Council at Goa on 26 October 2007 the following important decisions were taken :
  1. To launch the 4th Round of Negotiations;

  2. To adopt modalities for extension of negotiations in other areas such as non-tariff measures, trade facilitation, services, and investment;

  3. A common set of Operational Procedures for the Certificate and Verification of the Origin of Goods for APTA was approved and it was decided that the same would be implemented w.e.f. 1st January, 2008; and

  4. To explore the possibilities of expanding the membership of the Agreement.
  1. Pursuant to the directions of the Ministers, the Standing Committee initiated negotiations in the areas of tariff concessions with an average of 50% MOP on 50% of tariff lines along with framework agreements on (i) trade facilitation (ii) trade in services (iii) investments and (iv) non-tariff measures.

  2. To move forward the 4th Round of Negotiations, the 35th Session of the Standing Committee and the 3rd Session of the Ministerial Council were held in Seoul, Republic of Korea on December 13-14, 2009 and December 15, 2009 respectively. Mongolia, which has expressed its interest in acceding to APTA, was also invited to participate as an observer to the Session. The Indian delegation was led by Shri Jyotiraditya M. Scindia, Hon’ble Minister of State for Commerce and Industry.

  3. Under the 4th Round, the Standing Committee of Participating States has finalised framework agreements in the areas of (i) trade facilitation, (ii) trade in services and (iii) promotion and liberalisation of investments. Offers of further tariff liberalisation in goods have also been exchanged.

  4. The Standing Committee is also considering a framework agreement on non-tariff measures and a revision of the APTA rules of origin.




DO YOU NEED HELP?

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-05-2017
Notification No.49/2017 - Customs (N.T.)
Rate of exchange of conversion of the foreign currency with effect from 19th May, 2017

Date: 16-05-2017
Notification No.48/2017 - Customs (N.T.)
Seeks to amend the Customs notification No. 84/2007-Customs (N.T.) dated 17th August, 2007 to give effect to the amendments to Rules of Origin of India-Chile PTA

Date: 16-05-2017
Notification No. 20/2017-Customs
Seeks to amend notification no. 12/2012-customs dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects

Date: 16-05-2017
Notification No. 19/2017-Customs
seeks to amend notification No. 101/2007 – Customs dated 11th September 2007 so as to notify the expanded schedule of tariff preferences under the India-Chile Preferential Trade Agreement (PTA).

Date: 16-05-2017
Notification No. 23/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty, on imports of Aluminium Foil originating in or exported from China PR

Date: 16-05-2017
Notification No. 22/2017-Customs (ADD)
Seeks to amend notification No. 23/2016-Customs (ADD) dated 06.06.2016 vide which anti-dumping duty was imposed on imports of Polytetraflouroethylene (PTFE) originating in or exported from Russia so as to revise of the amount of anti-dumping duty applicable from US$ 739.77/MT to US$ 874.56/MT

Date: 16-05-2017
Notification No. 21/2017-Customs (ADD)
Seeks to levy definitive anti-dumping duty on import of Amoxycillin originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier) in pursuance of final findings of the Directorate General of Anti-Dumping and Allied Duties.

Date: 16-05-2017
Central Excise Notification No. 08/2017
seeks to amend notification no. 12/2012-Central Excise dated 17.03.2012 extending the time period for furnishing the final Mega power project certificate from 60 months to 120 months and extending the period of validity of security in the form of Fixed Deposit Receipt or Bank Guarantee from 66 months to 126 months, in case of provisional mega power projects.

Date: 15-05-2017
Notification No.47/2017 - Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Date: 12-05-2017
Notification No. 20/2017-Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Aluminium Radiators, Aluminium Radiator Sub-Assemblies and Aluminium Radiator Core, originating in, or exported from, China PR