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Cabinet nod for expanded trade with China, Asia-Pacific nations

  1. What? A move for exchange of tariff concessions under the Asia Pacific Trade Agreement (APTA)
  2. Significance: The Cabinet approval will deepen the concessions being offered under this agreement
  3. Approval was also given to amend the preamble of APTA to effect accession of Mongolia as the seventh participating State
  4. These decisions will be implemented once all members ratify it by the Fourth Session of the Ministerial Council of APTA, slated to be held in January 2017 in Bangkok

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