Asia Pacific Trade Agreement Tariff Schedule

NOTE the urgent need to take steps to implement a trade expansion programme between developing countries of the Asia-Pacific Economic and Social Commission (ESCAP), in line with decisions taken in the Kabul Council of Ministers` Statement on Asian Economic Cooperation and as part of the Asian Trade Expansion Agenda , adopted by the Intergovernmental Committee for a trade expansion programme created from the Kabul Declaration; With the exception of the specific circumstances listed in Chapter IV, concessions on national concession lists have a minimum duration of three years from the effective date. When amended or withdrawn at the end of this period, the participating States concerned consult with a view to restoring a general value of the concessions, which must be at least as favourable to their reciprocal exchanges as that which existed before the amendment or revocation. The Asia-Pacific Trade Agreement (APTA) is a preferential trade agreement formerly known as the Bangkok Agreement. The Bangkok Agreement, signed in 1975 as an initiative of the United Nations Economic and Social Commission for Asia and the Pacific (UNSCAP), is a preferential agreement for trade relations between developing countries. The agreement is currently signed between China, Bangladesh, India, Lao, the Republic of Korea and Sri Lanka. At the first meeting of the Bangkok Agreement Council of Ministers on 2 November 2005 in Beijing, representatives of member states approved the revised text of the agreement and decided to rename the agreement as an Asia-Pacific trade agreement. Since September 1, 2006, all APTA members have successfully implemented the outcome of the third round of tariff reduction negotiations. The fourth round of negotiations, which includes tariff concessions for trade in goods, trade in services, investment, trade facilitation and non-tariff measures, etc., is under way. The RCEP is expected to eliminate a series of import duties within 20 years. Each participating state applies these tariffs, taxes and royalties, as well as non-tariff concessions to products originating from all other participating states, as stated in its national list of concessions.

These national lists of concessions are attached to Schedule I, which is an integral part of this agreement. The Asia-Pacific Trade Agreement (APTA), formerly the Bangkok Agreement, is a preferential tariff regime that aims to promote intra-regional trade by exchanging concessions agreed by member states. Its current members are Bangladesh, China, India, the Republic of Korea, the Lao People`s Republic and Sri Lanka.

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