The Governments of the People’s Republic of Bangladesh, People’s Republic of China, Republic of India, Lao People’s Democratic Republic, Republic of Korea and Democratic Socialist Republic of Sri Lanka, Participating States of the Asia-Pacific Trade Agreement (APTA); affirming the importance of sustaining economic growth and development in all Participating States through joint efforts in liberalizing trade and promoting intra-APTA trade and investment flows; recognizing that investment is an important source of knowledge and finance for sustaining the pace of economic, industrial, infrast
The Governments of the People’s Republic of Bangladesh, the People’s Republic of China, the Republic of India, the Lao People’s Democratic Republic, the Republic of Korea and the Democratic Socialist Republic of Sri Lanka, Participating States of the Asia-Pacific Trade Agreement (APTA) affirming the importance of sustaining economic growth and development in all Participating States through joint efforts in liberalizing trade and promoting intra-APTA trade and investment flows; recognizing the growing importance of cooperation with regard to trade facilitation for Participating States and
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.