Department of Commerce Sri Lanka

Sinhala (Sri Lanka)Tamil-Sri Lanka
sinhala_font  tamil_font
  • Increase font size
  • Default font size
  • Decrease font size
Home Information Trade Agreements APTA Overview

Overview

 


The Asia-Pacific Trade Agreement (APTA), formerly known as Bangkok Agreement was signed on 2nd November 2005 and it came into force with effect from 1st September 2006.

The APTA member countries (Bangladesh, China, India, Laos, South Korea and Sri Lanka) cover a total population of about 2.5 billion, which is a vast potential market to increase the level of intra-regional trade flows among the participating states. The third round of negotiations, which has offered a maximum of 50% Margin of Preference on existing tariffs among the member countries, includes substantial tariff concessions and a wider coverage of products.

The 3rd Round of Tariff concessions under APTA entered into force on from 1st September 2006. At the end of the Third Round, the participating Sates had exchanged concessions on 4,270 products plus 587 products offered exclusively to LDCs, a marked increase from the 1,721 products plus 112 products for LDCs before the Third Round 

Sri Lanka’s consolidated national list of concessions (general) covers 427 tariff lines and the list of special concessions offered to the least developed countries covers 72 tariff lines.

Sri Lanka’s major export items to the member countries in APTA in 2006 were natural rubber, desiccated coconut, coconut fiber, copra, coconut oil, tea, cloves and crude glycerin. In addition, to the above, Sri Lanka was able to secure tariff concessions from member countries of APTA for products of export interest to Sri Lanka, which includes, spices, (pepper, nutmeg, mace) cashew nuts, essential oils, natural graphite, activate carbon, rubber products (tyres, gloves, mats, rings) floor tiles, ceramic, tableware/kitchenware, glassware, semi precious stones, gem and jewellery, stuffed toys, brooms and brushes, cut flowers, footwear, biscuits, chocolates, apparel, fresh fruits and juices, wooden furniture, mattress, electric lamps, ornamental fish, fresh/frozen fish and fishery products.


 

 

Last Updated on Wednesday, 23 November 2011 04:27  
Exporter
Newsletter
Download

Latest News and Events

  • 1
  • 2
  • 3
  • 4
  • 5
Joint Trade and Economic Cooperation Joint Trade and Economic Cooperation The DoC also functions as the focal point in Sri Lanka for joint commissions on trade and economi...
European Union and the United Nations Launch a Project to Support Trade in Sri Lanka European Union and the United Nations Launch a Project to Support Trade in Sri Lanka The European Union launched EUR 8 million (LKR 1.3 billion) project on “EU-Sri Lanka Trade Related A...
The WTO 4th Trade Policy Review of Sri Lanka concludes successfully The WTO 4th Trade Policy Review of Sri Lanka concludes successfully The Fourth Trade Policy Review of Sri Lanka was successfully concluded on 3rd November 2016 at t...
5th Bangladesh-Sri Lanka Joint Economic Commission 5th Bangladesh-Sri Lanka Joint Economic Commission The 5th session of the Bangladesh-Sri Lanka Joint Commission was held on 09th November 2016 in Col...
1st Joint Committee Meeting on Economic and Technical Cooperation (JCETC) with Turkey 1st Joint Committee Meeting on Economic and Technical Cooperation (JCETC) with Turkey   The 1st JCETC was held under the Co-Chairmanship of Hon.Rishad Bathiudeen, Minister of Industry a...

Web Resources