The RCEP agreement covers 20 chapters on trade in goods and services, investment, temporary transport of natural persons, rules of origin, customs procedures and trade facilitation, trade facilities, intellectual property, competition, government procurement and institutional arrangements. These disciplines will promote intra-regional trade between participating countries and could encourage the reorganization of supply chains for companies with significant activities in these markets. The Asia-Pacific Trade Agreement (APTA), previously known as the Bangkok Agreement, and renamed on 2 November 2005, was signed in 1975. It is the oldest preferential trade agreement between countries in the Asia-Pacific region. Seven participating States – Bangladesh, China, India, the Lao People`s Democratic Republic, Mongolia, the Republic of Korea and Sri Lanka – are the parties to APTA. . . .
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