Exchange of tariff Concession under APTA

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..... Exchange of tariff Concession under APTA
News and Press Release
Dated:- 8-2-2017

The Asia Pacific Trade Agreement (APTA,formerly the Bangkok Agreement) is an Agreement signed since 1975. .....

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..... The current membership of APTA consists of six countries, namely, Bangladesh, China, India, Lao PDR, Republic of Korea, and Sri Lanka. Three Rounds of tariff concessions have already been exchanged a .....

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..... mong the member countries till 2003. The tariff concessions being granted to APTA member States, on Margin of Preference basis, are being expanded under the fourth round of exchange of tariff concessi .....

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..... ons.The APTA Ministerial Council in its meeting held on 13th January, 2017 has formally approved the implementation of the fourth round of exchange of tariff concessions. APTA is a preferential treat .....

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..... y based on Margin of Preference. Concessions on tariff lines offered by China and Korea, inter-alia, cover certain textiles and chemical products, which are likely to benefit the Indian exporters. Som .....

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..... e of items on which concessions have been offered by China and Korea include certain organic and inorganic chemicals, knitted and crocheted fabrics, and articles of apparel and clothing accessories et .....

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..... c. This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.
News - Press release - PIB .....

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