Cabinet nod for expanded trade with China, Asia-Pacific nations
- What? A move for exchange of tariff concessions under the Asia Pacific Trade Agreement (APTA)
- Significance: The Cabinet approval will deepen the concessions being offered under this agreement
- Approval was also given to amend the preamble of APTA to effect accession of Mongolia as the seventh participating State
- 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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