To promote the steady growth of foreign trade, the Ministry of Commerce issued nine policies and measures.

1.

Tariff Reductions: Implementing lower tariffs on imported goods to encourage trade and make foreign products more affordable for domestic consumers.

2.

Simplification of Customs Procedures: Streamlining customs clearance processes to reduce delays and enhance the efficiency of cross-border trade.

3.

Trade Financing Support: Providing financial assistance and incentives for exporters and importers to help them manage cash flow and reduce risks associated with international transactions.

4.

Expansion of Free Trade Agreements (FTAs): Actively pursuing new FTAs and reinforcing existing ones to enhance market access for domestic products.

5.

Support for Export-Oriented Industries: Offering targeted support and incentives for sectors that are critical for export growth, including technology and manufacturing.

6.

Market Diversification Initiatives: Encouraging businesses to explore new markets beyond traditional trading partners to reduce dependency on a limited number of markets.

7.

Promotion of E-commerce: Supporting the development of online platforms to facilitate international sales and improve access to global markets for small and medium-sized enterprises (SMEs).

8.

Trade Promotion Activities: Organizing trade fairs, exhibitions, and business matching events to connect domestic businesses with potential foreign partners.

9.

Training and Capacity Building: Providing training programs to enhance the skills of businesses in international trade practices, compliance, and market research.

10.

These measures aim to create a robust framework that supports businesses in navigating the complexities of international trade, ultimately leading to increased exports, imports, and overall trade balance.