The Asia-Pacific Trade Agreement (APTA), previously named as the Bangkok Agreement, was signed in 1975 as an initiative of United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP). This is the oldest preferential trade agreement among developing countries in the Asia-Pacific region.

The APTA member countries 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.

APTA aims to promote economic development through the adoption of mutually beneficial trade liberalization measures that will contribute to intra-regional trade expansion and provides for economic integration. Sri Lanka is one of the founder members of the Bangkok Agreement and the APTA.

With the name change to the APTA in 2005, this Regional Trade Agreement was mandated for expansion of coverage to other areas of cooperation such as Promotion, Protection and Liberalization of Investment, trade facilitation and trade in services in addition to the negotiation in trade in goods.

Four round of negotiations have been concluded so far and DoC together with other Gov. entities is currently engaged in the Standing Committee (SC) Sessions and Working Group meetings on Investment, Trade Facilitation, Services and Rules of Origin under the fifth round of APTA negotiation.

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                                      APTA - at a glance

Date of signing of the agreement Date of coming into effect Members Negotiation approach Products coverage
2nd November 2005
01st September 2006 Bangladesh, China, India, Republic of Korea,
Lao PDR,Mongolia and Sri Lanka.
Positive List 10,461

 Rules of Origin Criteria (RoO) under APTA applicable to Sri Lanka – at a glance

 

Wholly obtained products

Not Wholly obtained products

With Sufficient working or processing

 


General Rule

Cumulative Rule

45% < DVA
60% < RAC
 
 
 
 
 
 
 
 
DVA = Domestic Value Addition
RAC = Regional Aggregate Content
 

Statistical Analysis

Sri Lanka’s country wise exports and imports under APTA

Value in US$ Mn

Country

2016

2017

2018

2019

2020

Export

Import

Export

Import

Export

Import

Export

Import

   

China

91.88

15.87

117.47

22.72

122.01

17.93

137.34

19.79

159.20

20.44

South Korea

31.72

0.02

30.52

0.10

32.54

0.03

38.77

  -

41.79

0.00

India

1.60

0.19

2.59

0.33

1.03

0.04

2.42

0.06

1.89

0.07

Bangladesh

0.38

 -

0.21

 -

0.27

 -

0.75

0.04

1.80

-

Laos

 -

 -

 -

 -

 -

 -

 -

 -

-

-

Total

125.57

16.08

150.79

23.15

155.85

18.00

179.27
19.88
204.67
20.51

  Source: Sri Lanka Customs

                                                                                                                                                                                                                                                                               
 

Sri Lanka’s product wise exports under APTA

Value in US$ Mn

HS

Description

Year

Change in 2020 
over 2019
(%)

Share in 2020
(%)

2016

2017

2018

2019

2020

61+62

Apparel and clothing accessories

46.89

47.83

49.27

63.48

65.48

3.16

31.99

0902

Tea whether or not flavoured

31.65

48.47

46.18

49.02

56.27

14.80

27.49

530500

Cococnut (coir) : Moulded products for use in horticulture

21.80

22.51

17.20

17.67

25.42

43.82

12.42

380210

Activated carbon

9.50

14.15

18.38

21.55

23.18

7.59

11.33

401519

Gloves,mittens and mitts : other

4.83

4.28

4.29

4.48

5.76

28.51

2.81

740321

Copper alloys : Copper-Zinc base alloys(brass)

-

 

-

0.18

3.60

1,870.44

1.76

210120

Instant tea:In immediate packing of a content exceeding 1kg not exceeding 3kg

-

0.12

0.53

2.29

2.10

(8.66)

1.02

030389

Other fish, excluding livers and roes: other

 -

 -

1.33

1.61

1.90

18.15

0.93

400129

Natural rubber: Other :Crepe : Brown

2.03

1.95

2.43

1.40

1.54

10.32

0.75

030743

Cuttle fish : Frozen

 -

 -

-

0.53

1.47

179.68

0.72

401290

Retreaded or used pneumatic tyres of rubber: other

0.89

1.37

2.01

1.52

1.45

(4.58)

0.71

Other

7.98

10.09

14.23

15.55

16.50

6.12

8.06

 Total

125.57

150.79

155.85

179.27

204.67

14.17
100.00

 Source: Sri Lanka Customs

 

Sri Lanka’s exports to China under APTA

 

Value in US$ Mn

HS

Description

2016

2017

2018

2019

2020

Change
in 2020
over 2019
(%)
Share
in 2020
(%)

0902

Tea

30.75

47.16

44.90

47.06

 54.64

16.11

34.32

61+62

Apparel and clothing accessories

31.69

32.72

33.51

43.14

 47.84

10.89

30.05

530500

coconut (coir) Molded products

19.60

21.35

15.16

15.95

20.77 

30.24

13.05

380210

Activated carbon

6.02

9.88

13.44

16.99

16.64 

(2.09)

10.45

740321

Copper alloys :Copper-Zinc base alloys(brass)

-

-

-

0.18

2.93

1,501.75

1.84

210120

Instant tea

0.12

0.51

2.26

2.08 

(7.59)

1.31

030389

Other fish, excluding livers and roes

-

1.33

1.61

 1.90

18.15

1.19

030743

Cuttle fish :frozen

-

-

-

0.53

1.47

179.68

0.93

Other

3.81

6.23

13.15

9.62

 10.92

13.51

6.86

Total

91.88

117.47

122.01

137.34

 159.20
15.92
100.00

Source: Sri Lanka Customs

 

Sri Lanka’s exports to RoK under APTA

 

Value in US$ Mn

HS

Description

2016

2017

2018

2019

2020

Change
in 2020
over 2019
(%)
Share
in 2020
(%)

61+62

Apparel and clothing accessories

15.15

14.99

15.67

20.24

17.60

(13.02)

42.13

380210

Activated carbon

3.16

3.84

4.55

4.05

5.59

38.26

13.39

401519

Gloves, mittens and mitts

4.59

4.28

4.23

4.45

5.41

21.66

12.95

530500

coconut (coir) Molded products

2.17

1.11

2.00

1.67

4.63

177.36

11.07

0902

Tea

0.79

1.31

1.16

1.54

1.84

19.15

4.40

401290

Retreaded or used pneumatic tyres of rubber

0.80

0.73

0.85

1.33

1.02

(22.68)

2.45

other

5.06

4.26

4.08

5.50

5.69

3.40

13.61

total

31.72

30.52

32.54

38.77

41.79

7.78
100.00

Source: Sri Lanka Customs

 

Sri Lanka’s imports under APTA

                                                                                                                                                                     
Value in US$ Mn
HS
Description
2016
2017
2018
2019
2020
Change in 2020 over
2019 (%)
Share in 2020 (%)

73

Articles of iron and steel

5.60

10.65

6.81

6.94

 7.59

9.38

35.98

852872

Reception apparatus for television

2.22

4.11

3.26

5.20

 7.01

34.93

33.24

853620

automatic circuit breakers

2.95

2.05

0.37

1.51

 2.09

38.43

9.91

392590

Builders' ware of plastics

0.82

1.02

2.72

2.01

0.76 

(62.10)

3.61

721710

Wire of iron or non-alloy steel

0.32

0.64

0.92

0.58

0.66 

14.31

3.15

841810

Conbined refrigerater-freezer,fitted
with seperate external doors:Other

-

-

-

0.17

 0.61

253.61

2.90

841830

Freezers of the upright type

1.32

1.29

1.34

0.93

 058

(38.16)

2.73

Other

2.85

3.39

2.59

254

 1.79

(29.53)

8.48

 Total

16.08

23.15

18.00

19.88
 21.10
6.12
100.00

Source: Sri Lanka Customs