India's tariff concessions to (Asia Pacific Trade Agreement) APTA

Why in news ?
As an opposite move than Trump's heavy tariffs policies on import, member states of "Asia Pacific Trade Agreement​(APTA)" got tariff concessions on 3,142 items from India.


More on news
India recently announced slashing of Import duties on 3142 items from Asia Pacific nations including China. A similar gesture was also shown by China few days back by slashing import tariffs on 8500 items.

Asia Pacific Trade Agreemment (APTA)

APTA formerly known as Bangkok agreement is a preferential trade agreement (PTA), between six member countries named Bangladesh, China, India, Laos, Korea and Sri Lanka.

APTA is the oldest preferential trade agreement between countries in the Asia-Pacific region. APTA is open to all members of the United Nations Economic and Social Commission for Asia and the Pacific.


Share your suggestions, ideas, inputs on the topics discussed above. Its always good to be interactive ! :)