MONGOLIA WANTS TO ENTER APTA

Ulaanbaatar, Mongolia /MONTSAME/ The Cabinet meeting on Wednesday obliged a Foreign affairs Minister G.Zandanshatar to found a working group that will start talks on Mongolia's entering the Asia-Pacific trade agreement /APTA/, and to have approved and implemented the group's directives and necessary costs.
The Cabinet also backed a “National discount list” that will be forwarded to APTA member-countries as a proposal. There are 229 goods in the list.
About 60 percent of Mongolia's total goods turnover is amde with the APTA members. If Mongolia becomes the APTA member, its 338 kinds of export goods will enjoy 40-percent, or ten million US dollars, discount at China and S.Korea markets, and 299 types of imported goods may get 20-percent, or one million US dollars, discount in import tariff.
APTA founded in 1975 has members such as Bangladesh, China, India, Laos, Republic of Korea, Sri-Lanka and others.Three times the members have held talks on tariffs, obliging themselves to decrease them on four thousand goods.
B.Oyundelger