Asia Pacific Trade Agreement Format

CONSCIENTS of the importance of expanding access to each other`s markets on favourable terms for their products and developing trade agreements that promote the rational and external expansion of production and trade; APTA preferences may overlap with separate DFQF systems from China, India and the Republic of Korea, as well as preferences under the SAFTA, ASEAN-China, ASEAN-India and ASEAN-Republic of Korea regional trade agreements. The fourth round of negotiations will focus on areas that go beyond traditional tariff concessions in order to deepen trade policy cooperation and integration. APTA members are currently negotiating three framework agreements on trade facilitation, trade in services and investment. In addition, APTA members exchange information on non-tariff measures. Participating States take particular account of requests for technical assistance and cooperation agreements from participating states in the least developed countries, which will help them develop their exchanges with other participating states and take advantage of the potential benefits of this agreement. Products imported into the territory of a participating state under the agreement, which is imported from another participating state on the territory of a participating state and are shipped directly in accordance with Rule 5, may benefit from preferential concessions when they meet the original requirement under one of the following conditions: In the trade area, the potential benefits are immediately granted by a state participating in a product originating from another participating state or another country. and unconditionally to the similar product originating from the territories of the other participating states or destined for shipping. Any dispute that may arise between the participating States regarding the interpretation and application of the provisions of this agreement or an instrument adopted under it is settled amicably by an agreement between the parties concerned. If the participating states fail to resolve a dispute between them, the dispute will be referred to the Standing Committee for Settlement. The Standing Committee reviews the matter and makes a recommendation within one hundred and twenty days from the date the dispute was submitted to it. The standing committee adopts appropriate rules to this effect. With the exception of the specific circumstances listed in Chapter IV, concessions on national concession lists have a minimum duration of three years from the effective date.


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