Asia-Pacific Trade Agreement (APTA)

The Subject “Asia-Pacific Trade Agreement (APTA)” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade, Ethics, Religion & Business.

Languages: Also available in Acuerdo comercial Asia-Pacífico Accord commercial Asie-Pacifique APTA Acordo Comercial Ásia-Pacífico (APTA).

Asia-Pacific Trade Agreement (APTA).

The objective of the Asia-Pacific Trade Agreement (APTA) is to set-up a preferential tariff arrangement to promote the intra-regional trade through the exchange of reciprocally agreed concessions among the member countries of the Asia-Pacific Trade Agreement: Bangladesh, China, Bharat (India), Korea, Laos, Mongolia, and Sri Lanka.

The Asia-Pacific Trade Agreement is the only working agreement involving China and India, two of the fastest growing emerging markets with 2.4 billion people.

Asia-Pacific Trade Agreement (APTA):

1. The member economies of the Asia-Pacific Trade Agreement represent 11% of the global trade
2. Near 30% of the imports from Bangladesh are from the other members of the Asia-Pacific Trade Agreement
3. 23% of the exports from the Republic of Korea are exported to other APTA members
4. Total bilateral trade volume of the Asia-Pacific Trade Agreement (APTA) members arises from a 140 million dollars (1976) to 3.1 trillion dollars
5. Foreign Trade between China and India reached an amazing average annual growth rate of 34% over the past decade

The members of the Asia-Pacific Trade Agreement (APTA) furthermore committed to expanding their cooperation in foreign direct investment and Trade Facilitation. A framework agreement on Trade in Services was also finalized and will be signed.

The Asia-Pacific Trade Agreement (APTA) (formerly known as Bangkok Agreement) was signed on 1975 as an initiative of the UN Economic and Social Commission for Asia (ESCAP).

The Asia-Pacific Trade Agreement (APTA) consists of one Muslim country (Bangladesh), one Hindu (India) and two Buddhists Countries (Laos and Sri Lanka). China and Korea can be considered multi-religious countries (Buddhism, Confucianism, and Taoism).

The Asia-Pacific Trade Agreement belongs to:

1. Hindu Economic Area
2. Central Eurasian Economic Area of the Islamic Civilization
3. Buddhist Civilization

Almaty-Bishkek Corridor.

Silk Road.

Economic Corridors related to the APTA Region:

1. Bangladesh-Myanmar Corridor
2. Nanning-Singapore Corridor
   1. Pan-Beibu Gulf Economic Zone
3. China-Russia Corridor
4. East-West Corridor (Myanmar-Vietnam)
5. North-South Corridor (India-Russia)
6. Corridor of the Ashgabat Agreement
7. India-Afghanistan Corridor
8. China-Central-West Asia Corridor

(c) EENI Global Business School (1995-2023)
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