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Vision

“Raising living standards of the people through international trade relations”

Mission

“To develop and promote Sri Lanka’s foreign trade relations at bilateral, regional and multilateral levels by the effective implementation of government trade policy, with a view to raising the standards of living and realizing a higher quality of life through the increase of total production, income and employment levels, thereby actively contributing to the overall economic growth of Sri Lanka.”

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.

Watch an awareness video on APTA...

                                      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

2017

2018

2019

2020

2021

Export

Import

Export

Import

Export

Import

Export

Import

Export

Import

China

       117.47

         22.72

       122.01

         17.93

       137.34

         19.79

       159.20

         20.44

       184.49

         24.12

South Korea

         30.52

           0.10

         32.54

           0.03

         38.77

-

         41.79

           0.00

         50.66

           0.03

India

           2.59

           0.33

           1.03

           0.04

           2.42

           0.06

           1.89

           0.07

           1.22

           0.07

Bangladesh

           0.21

-

           0.27

-

            0.75

           0.04

           1.80

-

           2.24

-

Laos        

-

-

-

-

-

-

-

-

-

-

Total

       150.79

         23.15

       155.85

         18.00

       179.27

         19.88

       204.67

         20.51

       238.61

        24.22

Source: Sri Lanka Custom

                                                                                                                                                                                                                                                                               
 

Sri Lanka’s product wise exports under APTA

                                                                                                                                                                                                                               Value in US$ Mn

HS

Description

2017

2018

2019

2020

2021

Change in 2021 over 2020 (%)

Share in 2021 (%)

61+62

Apparel and clothing accessories

       47.76

       49.19

      63.39

       65.46

       70.83

                       8.21

               29.69

0902

Tea whether or not flavoured

       48.47

       46.05

       48.77

       56.17

       59.63

                       6.15

               24.99

530500

cococnut (coir) : Moulded products for use in horticulture

       22.46

       17.17

       17.61

       25.40

       30.38

                     19.63

               12.73

380210

Activated carbon

       13.97

       18.21

       21.52

       23.18

       28.67

                     23.65

               12.01

401519

Gloves,mittens and mitts : other

         4.28

         4.29

         4.48

         5.76

         6.74

                     17.10

                 2.82

030389

Other fish, excluding livers and roes: other

-

         1.33

         1.61

         1.90

         4.78

                   151.64

                 2.00

400129

Natural rubber: Other :Crepe : Brown

         1.95

         2.43

         1.40

         1.54

         3.50

                   127.21

                 1.47

030743

Cuttle fish : Frozen

-

-

         0.53

         1.47

         3.22

                   118.50

                 1.35

740321

Copper alloys : Copper-zinc base alloys (brass)

-

-

         0.18

         3.14

         3.20

                       2.11

                 1.34

401290

Natural rubber: Other :Crepe : Brown

         1.37

         2.01

         1.52

         1.45

       2.82

                     93.97

                 1.18

401180

New pneumatic tyres, of rubber

-

         0.02

         0.50

         1.07

         2.40

                   123.58

                 1.00

Other

       10.52

       15.13

       17.77

       18.13

       22.44

                     23.78

                 9.41

 Total

     150.79

     155.85

     179.27

     204.67

     238.61

                     16.58

             100.00

Source: Sri Lanka Custom

 

Sri Lanka’s exports to China under APTA

 

                                                                                                                                                                                                                      Value in US$ Mn

HS

Description

2017

2018

2019

2020

2021

Change in 2021 over 2020 (%)

Share in 2021 (%)

0902

Tea

       47.16

       44.90

       47.06

       54.64

       57.99

                       6.13

               31.43

61+62

Apparel and clothing accessories

       32.72

       33.51

       43.14

       47.84

       51.02

                      6.64

               27.66

530500

coconut (coir) Molded products

       21.35

       15.16

       15.95

       20.77

       25.21

                     21.36

               13.66

380210

Activated carbon

         9.88

       13.44

       16.99

       16.64

       20.19

                     21.37

               10.95

030389

Other fish, excluding livers and roes

-

         1.33

         1.61

         1.90

         4.78

                   151.64

                 2.59

030743

Cuttle fish : Frozen

-

-

         0.53

         1.47

         3.22

                   118.50

                 1.75

740321

Copper alloys : Copper-zinc base alloys (brass)

-

-

         0.18

         2.93

         3.20

                        9.31

                 1.74

400129

Natural rubber: Crepe rubber

         1.23

         1.88

         0.59

         1.10

         3.12

                   182.47

                 1.69

Other

         5.12

       11.78

       11.29

       11.90

       15.76

                     32.36

                 8.54

Total

     117.47

     122.01

     137.34

     159.20

     184.49

                     15.88

             100.00

Source: Sri Lanka Custom

             

 

 

Sri Lanka’s exports to RoK under APTA

 

                                                                                                                                                                                                                   Value in US$ Mn

HS

Description

2017

2018

2019

2020

2021

Change in 2021 over 2020 (%)

Share in 2021 (%)

61+62

Apparel and clothing accessories

       14.99

       15.67

       20.24

       17.60

       19.81

                     12.52

               39.10

380210

Activated carbon

         3.84

         4.55

         4.05

         5.59

          7.87

                     40.74

               15.54

401519

Gloves, mittens and mitts

         4.28

         4.23

         4.45

         5.41

         5.84

                       7.83

               11.52

530500

coconut (coir) Molded products

         1.11

         2.00

         1.67

         4.63

         5.18

                     11.85

               10.22

401699

Other articles of vulcanised rubber other than hard rubber

         0.01

         0.10

         0.02

         0.97

         1.96

                   101.86

                 3.86

0902

Tea

         1.31

         1.16

         1.54

         1.53

         1.63

                       6.84

                 3.23

Other

         4.98

          4.83

         6.80

         6.05

         8.38

                     38.49

               16.55

Total

       30.52

       32.54

       38.77

       41.79

       50.66

                     21.24

             100.00

Source: Sri Lanka Custom

 

Sri Lanka’s imports under APTA

                                                                                                                                                                     

                                                                                                                                                                                                               Value in US$ Mn

HS

Description

2017

2018

2019

2020

2021

Change in 2021 over 2020 (%)

Share in 2021 (%)

852872

Reception apparatus for television

         4.11

         3.26

         5.20

         7.01

         7.58

                       8.09

               31.29

730890

prepared for use in structures, of iron or steel.

         4.42

         4.96

         4.64

         5.40

         5.89

                       9.10

               24.32

841810

Combined refrigerater-freezers,fitted with separate external doors : Other

-

-

         0.17

         0.61

         2.31

                   276.95

                 9.53

841830

Freezers of the upright type

         1.29

         1.34

         0.93

         0.55

         1.80

                   228.58

                 7.42

853620

automatic circuit breakers

         2.05

         0.37

         1.51

         2.09

         1.76

                   (15.66)

                 7.28

845210

- Sewing machines of the household type: --- other

         0.04

 

         0.13

         0.09

         0.90

                   872.65

                 3.71

730490

Tubes, pipes and hollow profiles, seamless, of iron or steel

         0.45

         0.33

         0.35

         0.39

          0.56

                     45.26

                 2.32

Other

       10.79

         7.75

         6.96

         4.96

         3.42

                   (30.90)

               14.14

 Total

       23.15

       18.00

       19.88

       21.10

       24.22

                     14.82

             100.00

Source: Sri Lanka Custom