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. 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. 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. The Heads of State and Government, while expressing satisfaction with the steady progress of democratization in South Asia, pledged to continue to promote and institutionalize peace, stability, democracy and development as common aspirations of the peoples of South Asia. In this context, they agreed on the need to cooperate and cooperate with ASAC ON issues of common interest and the concerns of Member States. 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.
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. I am very grateful to the university administration for the friendly invitation and excellent hospitality, as well as to the XPD department of the Ministry of Foreign Affairs for organizing this interaction. I am pleased that we are discussing SAARC and its relevance and future with India as an engine of success. This is a very important issue that concerns a very important and strategic region in the world. In the past two years, several changes have had an impact on the well-being of the region in the past two years. I would like to talk about the birth of ASARC, its successes and failures, the main restrictions on further integration and the external factors that hinder its growth and viability as a prosperous regional group, while highlighting the impact of India, China and Pakistan on their growth or absence. South Asia, although often defined in bulk, includes a small island like the Maldives to India a country of continental dimensions. Its short political and independent history, six or seven decades old, has seen the astonishing functioning of India`s largest democracy for the kingdoms of Bhutan and Nepal in political upheaval through frequent coups in some of the group`s countries, as well as the resurgence of democratic communism in Nepal. In addition, two of the major countries have nuclear capabilities, reinforced by the Already nuclear Chinese in their larger neighbourhood, which seek to maintain their stylized balance by a single alternate by Pakistan.