Project on import management by 2020 ratified hinh anh 1Steel imported from China. (Photo: VNA)

A transparent and stable business climate ensuring sustainable socio-economic targets will be fostered in a project on import management through 2020 which was approved by the Prime Minister in Decision No. 1233/QD-TTg. 

The project aims to realise the strategy on exports and imports for 2011-2020, which targets an average annual export growth rate of 11 percent and keeping import growth below 10 percent from 2016-2020 while guaranteeing trade balances by 2020.

The project will apply tax and non-tax measures in compliance with commitments to the World Trade Organisation (WTO) and bilateral and multilateral free trade agreements (FTAs). Vietnam will intensify the application of regulations on Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures and safeguard measures.

Foreign trade management laws will be set up to ensure policy stability and unity as well as feasible regulations that facilitate enterprise operations.

The country will also comprehensively apply import management measures, evaluate the measures’ efficiency and abrogate unnecessary administrative procedures.

The decision has been valid since its issuance on August 3.-VNA

VNA