Asia Pacific Trade Agreement Member Countries


The Asia-Pacific Trade Agreement (APTA) is a trade agreement that was signed in 1975, with the primary objective of promoting economic cooperation among its member countries. The agreement provides a framework for countries to negotiate and implement trade liberalization measures, and to establish a regional free trade area.

APTA currently has seven member countries, namely Bangladesh, China, India, Laos, South Korea, Sri Lanka, and Mongolia. The agreement covers a diverse range of sectors, including agriculture, manufacturing, and services. It also includes provisions for intellectual property, investment, and dispute settlement.

One of the main benefits of APTA for its member countries is the potential for increased trade and investment opportunities. By reducing tariffs and other trade barriers, member countries can expand their exports and attract foreign investment. This can lead to job creation, economic growth, and increased competitiveness in global markets.

In recent years, APTA has been working to deepen its integration among member countries. This includes efforts to eliminate non-tariff barriers to trade, as well as greater cooperation in areas such as customs and standards. APTA also aims to promote sustainable development and inclusive growth, with a focus on reducing poverty and improving social welfare.

Overall, the Asia-Pacific Trade Agreement is an important regional trade agreement that offers significant benefits for its member countries. As the region continues to grow and develop, APTA will likely play an increasingly important role in promoting economic cooperation and integration among its members. By working together, APTA members can create a more prosperous and sustainable future for all.