ID :
95262
Wed, 12/16/2009 - 17:59
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Shortlink :
https://oananews.org//node/95262
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MONGOLIA AND APTA MEMBERSHIP
Ulaanbaatar, /MONTSAME/ The accession process for Mongolia to become an Asia-Pacific Trade Agreement (APTA) member was formally initiated at the 3rd meeting of APTA ministerial council in Seoul.
Trade ministers of six Asian countries--including China, India and South Korea, three of the region’s largest economies--have announced further tariff reductions at the conclusion of the event.
APTA is the only regional trade agreement which links East, South East and South Asia. It was negotiated under the auspices of the UN Economic and Social Commission for Asia and the Pacific (ESCAP).
“The total trade volume of APTA members skyrocketed from a mere 140 million USD in 1976 to 3.1 trillion USD in 2008,” said Hur Kyung-Wook, the First Vice-Minister of Strategy and Finance of South Korea.
S.Batbayar
Trade ministers of six Asian countries--including China, India and South Korea, three of the region’s largest economies--have announced further tariff reductions at the conclusion of the event.
APTA is the only regional trade agreement which links East, South East and South Asia. It was negotiated under the auspices of the UN Economic and Social Commission for Asia and the Pacific (ESCAP).
“The total trade volume of APTA members skyrocketed from a mere 140 million USD in 1976 to 3.1 trillion USD in 2008,” said Hur Kyung-Wook, the First Vice-Minister of Strategy and Finance of South Korea.
S.Batbayar
