open to all members of (UNESCAP or ESCAP) United Nations Economic and Social Commission for Asia and the Pacific.

Transcription

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2 Bangkok agreement -- signed 2005 effect from September open to all members of (UNESCAP or ESCAP) United Nations Economic and Social Commission for Asia and the Pacific.

3 Greater market access. Win-win for Trading Partners Efficiency from Specialization & Competition Accrue the benefits of Economies of Scale Products Diversification FDI Inflows

4 India Bangladesh China South Korea Laos Total exports negligible negligible negligible negligible negligible Growth % 35% 24% 161% negligible 9% Growth % -46% 396% 286% negligible 159% Source- Department of Commerce Sri Lanka 4

5 US $ Mn India Bangladesh China South Korea Source- Department of Commerce Sri Lanka

6 Country Exports 2013 US $ Bangladesh 402, China 53,933, India 5,014, Korea, Republic of 17,129, Grand Total 76,481, Korea, Republic of 22% Bangladesh 1% Grand Total Of Exports = US $ India 7% China 70% Source- Department of Commerce Sri Lanka

7 140,000, ,000, ,000, ,000, ,000, ,000, st half 2014 (US$) Exports 2013(US$) 20,000, Bangladesh China India Korea, Republic of Grand Total Source- Department of Commerce Sri Lanka Country Exports 2013(US$) 1st half 2014 (US$) Bangladesh 402, , China 53,933, ,405, India 5,014, ,778, Korea, Republic of Grand Total 17,129, ,054, ,481, ,287,795.38

8 Exports to China under APTA 2014 Composition of exports to China - 1st half of Rubber and rubber Activated 2014 carbon 0% 0% 0% 2% 0% 0% Other 0% 2% products 2% Apparel 22% Coir and coir products 43% Tea 29% 2012 US$37 million, majority of exports being coir fiber. Other products included tea, fish, and apparel. Source- Department of Commerce Sri Lanka

9 Exports to Korea under APTA - 1st half of 2014 Processed food Other products Footwear and 1% 0% 1% headgear 6% Tea Tableware 4% 7% 0% 0% Coir and coir products 8% Apparel 30% Activated carbon 15% Rubber and rubber products 28% Sri Lanka s exports to Korea under APTA increased to almost US$20 million up from US$17 million in 2011value added products such as apparel, rubber products, porcelain, as well as tea. Source- Department of Commerce Sri Lanka

10 Imports of Sri Lanka under APTA 2011, 2012 HS code Product description Vehicles other than railway, tramway 1,026, , Machinery, nuclear reactors, boilers, etc 518, , Electrical, electronic equipment 452, , Mineral fuels, oils, distillation products, etc 952, , Cotton 427, , Knitted or crocheted fabric 285, , Manmade staple fibres 192, , Iron and steel 211, , Articles of iron or steel 147, , Sugars and sugar confectionery 336, , Salt, sulphur, earth, stone, plaster, lime and cement 149, , Pharmaceutical products 170, , Plastics and articles thereof 154, ,776 6,895,252 6,434,110 Source- Department of Commerce Sri Lanka

11 Source- Department of Commerce Sri Lanka 11

12 Steps To Be Taken (Locally and Internationally ): Conducting awareness programs regarding the APTA Agreement, its rules of operation, rules of origin amongst exporters, freight forwarders, shipping agents etc. Continued exchange of information between government authorities and private sector on the Agreement Diversifying export sectors, towards value-added products, which are in line with the market opportunities available in the target market, and which are eligible for preferential market access To establish an apex body consists of federations ( APTA_CCI) from each member country to get the private sector on board ( e g SAARC CCI) That would help Promote and develop the spirit of APTA - e g drive for new membership,lobbying for flexibility and speedy implementation of the decisions taken by the APTA secretariat.

13 Making the APTA agreement more competitive than now agreements.

14 process of launching the online the process of applying for, and the issuance of the certificate of origin, and the system is expected to launch in 2015 capture of preferential export data, as data will be linked to each approved and issued certificate rather than other general documents which may contain other trade data Unified System of information exchange amongst APTA member countries, It is central focal point in APTA secretariat, APTA _ national Desk in each member country to make available all trade data amongst member countries,

15 Circular details on preferential import data :This could be reflected in the preferential export data of another country to avoid duplications or discrepancies amongst documentation Familiarization of all personnel in the export process, from company officials, freight forwarders, shipping agents, etc, on the use of the system Time saving and steps to procedures of export reduced Active collaboration and standardized framework on data collection, monitoring and reporting within country key focal points : E g Customs, Department of Commerce.

16 Harmonized implementation of the agreement by custom authorities of each country Increasing the margin of preference - MOP Develop mechanism to address implementation issues, in addition to negotiating issues, with the participation of private sector,( SAARC_NTM Desk ) Simplication of Rules of Origin for APTA :To give attention to Special criteria percentage, Direct consignment Treatment of packing, referential concessions shall be supported by a Certificate of Origin Parallel meetings of APTA private sector with key official meetings of APTA Standing Committees, and Ministerial meetings Introducing APTA member countries to be given a visa exemption scheme ( Eg SAARC Visa Exemption scheme)

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18 THANK YOU