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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.




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What is New?

Date: 16-08-2017
Notification No. 72/2017-Customs
Seeks to supersede Notification No. 27/2002- Customs dated 1st March, 2002 and to provide exemption to temporary import of goods from Customs duty leviable under First Schedule to the Customs Tariff Act, 1975 and from the whole of the integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act, 1975 subject to specified conditions.

Date: 14-08-2017
Notification No. 20/2015-2020
Supply of essential commodities to the Republic of Maldives during 2017-18

Date: 14-08-2017
Notification No.21/2015-2020
Amendment in Para 4.32(i) of chapter 4 and in para 6.01 (a) of chapter 6 of the Foreign Trade Policy 2015-20

Date: 14-08-2017
Notification No. 78/2017 - Customs (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.

Date: 11-08-2017
Notification No. 9/2017-Customs (N.T./CAA/DRI)
Appointment of Common Adjudicating Authority by DGRI

Date: 11-08-2017
Notification No. 8/2017-Customs (N.T./CAA/DRI)
Appointment of Common Adjudicating Authority by DGRI

Date: 11-08-2017
TRADE NOTICE NO. 13/(2015-2020)
Implementation of Notification No. 19 dated 05.08.2017

Date: 11-08-2017
Notification No. 71/2017-Customs
seeks to further amend notification No.50/2017-Customs dated the 30th June, 2017, so as to 1> Increase the BCD on crude soya bean oil from 12.5% to 17.5%; 2> Increase the BCD on crude palm oil of edible grade from 7.5% to 15%; and 3> Increase the BCD on refined palm oil of edible grade from 15% to 25%.

Date: 09-08-2017
Notification No. 37/2017-Customs (ADD)
Seeks to impose anti-dumping duty on "Opal Glassware", originating in or exported from China PR and UAE.

Date: 08-08-2017
Office Order No. 15/2017
Constitution of Review Committee of Pr. Chief Commissioner or Chief Commissioners/ Pr.Commissioners or Commissioner- Reg.