Further concessions are planned at the end of the 4th round of trade negotiations launched at the second Asia-Pacific Trade Agreement (APTA) Council of Ministers on 26 October 2007 in Goa, India. Ministers launched this new round to further expand the product sector and deepen tariff reductions and adopt modalities for extending negotiations to other areas such as non-tariff measures, trade facilitation, services and investment. The third Council of Ministers was held in Seoul, Republic of Korea, on 15 December 2009. Two framework agreements on trade facilitation and promotion, investment protection and liberalization were also signed. The Asia-Pacific Trade Agreement (APTA), signed in Bangkok in 1975, is one of Asia`s oldest preferential regional agreements with six participating countries: Bangladesh, China, India, Laos, the Republic of Korea and Sri Lanka. The Heads of State and Government expressed satisfaction with the decision to streamline the number and activities of ASARC`s regional centres through their selective closure and merger. They reaffirmed their commitment to making other ASARC regional centres and specialized institutions efficient, effective and results-oriented, and ordered these institutions to launch programs and projects that deliver tangible results. The Heads of State and Government agreed to strengthen the role of the secretariat policy, which meets the objectives of the ASACR, its areas of cooperation and the decisions and agreements taken in the past. They pledged to strengthen the institutional capacities of the SAARC secretariat, in line with the realities that lie ahead, in order to enable it to effectively and effectively carry out the tasks entrusted to it. APTA is a dynamic regional agreement that has made a decisive contribution to a positive outcome in Sri Lanka. It is particularly important for Sri Lanka, as it is the only trade agreement Sri Lanka has with China and the Republic of Korea.
Dear Director of the IIT, excellent faculty and dear students It is indeed a great pleasure for me to interact with you today in this historic and beautiful city of Bhubaneswar, which I first visited in 1985 during a secondment to Dhaka. In fact, it was the year as ASAC was founded in Dhaka, which was originally launched by Bangladesh`s President Zia.