Mongolia - latest member acceded to Bangkok Agreement

Q.  Which is the latest member acceded to Bangkok Agreement?
- Published on 13 Sep 16

a. China
b. Mongolia
c. India
d. Myanmar

ANSWER: Mongolia
 
  • The Asia-Pacific Trade Agreement (APTA), previously known as the Bangkok Agreement was signed in 1975.
  • It is the oldest preferential trade agreement between countries in the Asia-Pacific region.
  • Bangladesh, China, India, Lao PDR, South Korea, and Sri Lanka are the parties to the APTA.
  • Mongolia successfully concluded negotiations with all participating States for its accession to the Asia-Pacific Trade Agreement (APTA).
  • Soon the strength will be seven countries.
  • Original members were - India, Bangladesh, Sri Lanka, Lao PDR, Republic of Korea
  • China acceded in 2001 and Mongolia in 2013.

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