Trade Policy Framework Update 2019-2025.

The Trade Policy Framework Update 2019-2025 replaces the Trade Policy Framework 2012 and continues its mission. The overall purpose of TPFU 2019-2025 is to achieve a prosperous economy encouraging trade and investment to provide economic opportunities for all members of society throughout Vanuatu. The TPFU 2019-2025 identifies 12 goals, which are: (I) an economy that pursues sound macroeconomic policies, (II) an economy that promotes exports in areas of comparative advantage and that, where feasible, reduces reliance on imported goods and services, (III) an economy that engages in and benefits from trade agreements, (IV) an economy where energy and telecommunication services are modern, reliable, and affordable, (V) an economy that facilitates trade through state-of-the-art customs, biosecurity, and quality infrastructure systems, and through better transport infrastructure, (VI) a business-friendly economy, (VII) an economy with an adequate supply of skills to encourage trade, (VIII) an economy where trade and investment are sustainable, (IX) an economy where trade is mainstreamed, (X) an economy that supports primary sectors and agro-processing with high export performance or potential, and strong tourism linkages, (XI) an economy that supports accelerated export of tourism services and increased retention of tourism earrings, and (XII) an economy that supports emerging service sectors with high export potential or with the potential to increase the country’s export competitiveness.