The first amendment of the Bangkok Agreement; this Agreement, which was hitherto called the First Agreement on Trade Negotiations Among Developing Member Countries of the Economic and Social Commission for Asia and the Pacific, as also the Bangkok Agreement, shall henceforth be called the Asia-Pacific Trade Agreement.
The Bangkok Agreement was signed in 1975 as an initiative of ESCAP. Being the oldest preferential regional trade agreement among developing countries in Asia-Pacific, APTA aims to promote economic development through the adoption of mutually beneficial trade liberalization measures that will contribute to intra-regional trade expansion and economic integration.
The present study has clearly revealed that considerable opportunities exist for new countries to accede to the Agreement. The prospective member countries of the region would find that the large and growing markets of China, India and the Republic of Korea offer attractive opportunities to expand their share in the vast regional market.
This note provides some basic information on the history of the Asia-Pacific Trade Agreement (previously the Bangkok Agreement) and its main characteristics. The trade environment of APTA members is described in terms of their dependence on trade by comparing their levels of exports and imports, rankings, dependence on trade taxes for revenue purposes and their openness. A number of APTIAD interactive trade indicators are used to analyse and track developments of intraregional trade of APTA and its members.
The paper starts with a general description of APTA: its background and development. Chapter III investigates the effectiveness of the Third Round of APTA since its implementation on September 1, 2006. Looking at the coverage, utilization and utility rates for Korea and China over 10 months (September 1 2007 to June 30, 2007) and comparing the results to a period of 10 months prior to effectuation, we analyze the improvement of the new round and its prospects in the future. Chapter IV analyzes the data exchange program between Korea and China.
This study analyses country-specific benefits of APTA membership for Azerbaijan, Kazakhstan and Kyrgyzstan. After a review of the Asia-Pacific Trade Agreement (APTA) and of the three countries’ economic structure and trade policies, the analytical starting point is a detailed assessment of the three countries’ disaggregated bilateral trade with the APTA members