Asia Pacific Trade Agreement - Bangkok Agreement - 1975

Q.  Asia Pacific Trade Agreement was also known as
- Published on 13 Sep 16

a. Dhaka Accord
b. Delhi Treaty
c. Bangkok Agreement
d. Singapore Agreement

ANSWER: Bangkok Agreement
 
  • The Asia-Pacific Trade Agreement (APTA), previously known as the Bangkok Agreement and renamed 2 November 2005, was signed in 1975.
  • It is the oldest preferential trade agreement between countries in the Asia-Pacific region.
  • Six Participating States- Bangladesh, China, India, Lao PDR, South Korea, and Sri Lanka are the parties to the APTA.
  • It is for trade expansion through exchange of tariff concessions among developing country members of the Asia Pacific Region.

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