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Cabinet Decisions Daily News (via HT Media Ltd.)
Relief on tariff for Mongolia under Asia Pacific Trade Accord (APTA)
Mongolia has been officially appointed a stakeholder of the Asia Pacific Trade Accord (APTA) in which Sri Lanka, too, has been a partner State on September 29, 2020.
Sri Lanka, therefore, has to exchange tariff reliefs mutually with Mongolia. Mongolia, too, is qualified for obtaining the relief granted by Sri Lanka under the accord to the countries such as Bangladesh and Laos that are already stakeholders. The Cabinet approved the proposal by the Trade Minister for awarding tariff concession and conducting discussions with the country for identifying tariff concessions that will be mutually agreed upon between the two parties.