Decision No. 37/2003/QD-TTg on the import of urea fertilizer for circulation reserve

1lil-lCl1\l (i/1/1111 N(J. 18 ((J:1-,1-:.>\l(U) Nu JU {lU4-/UUJ) DECISION No. 37/2003/QD-TTg OF MARCH 12, 2003 ON THE IMPORT OF UREA FERTILIZER FOR CIRCULATION RESERVE THE PRIME MINISTER Pursuant to tlw l.aw on Orqanization of the Covemment of Dc-ceml>e,· 25, 2001; At tho propus,d.•.; of" tho Minister of Trade and 1/Je Minister of Agticullum and Rum/ Dcvclopmont, A I tide f - ln n ''..,( )!V{: for" ci rc:u ln1 ioI 1 1 on, 000 ten Is 01 l~r1. I '.I {Uil 'i ·>'Ofl:'l) Nu. i'.Ci 1U:\4-2UOJ) u ll!d fr., rtili;.'.t!t :.:;o a:; to contril;utc~ to :;\:Jhili11119 ti :i:: ,!, n nw:\ic :3(illi 11g prices of tffC3 fcrtilim1. Tl H, d uralion or rn::;uive for cin;ulation shall be G months, counti111.1 l101n Mc.1rch 20, 2.003. enterprises assigned to tl➔ S(:tvi~ urc.:i fertilizer f( lt drc1 ,1~1tion shall borrow r:apik~I from com merri,11 lvin k:-, thmnselves for the i rn port of urea fnrlili;,:u1 i11 ; 1dequah-) 4u,mtily assigned for reserve for circulation; the ~➔h:itc budget shall support 100% of the bank loans' interest rate in the reserve duration. This imported urea fertilizer volume shall!)(~ ~,11bject to VAr only when it is delivered from the ff,srnvinfJ warehouses for sale. To assign the Ministry of Agriculture and Hural Development to discuss with the Ministry of Trade on the designation of 2 or 3 State enterprises specinlized in fertilizer trading and/or import (enterprises which import fertilizers in large volume, has a healthy financic1I status and reseNe warehouses) to conduct importation in March 2003. Article 2.- The State Bank of Vietnam shall direct commercial banks in providing adequate loan capital in time for enterprises assigned by the Ministry of Ag r·iculture and Rural Development to import the fertilizer; the Min islry of Finance shall guide in detail the above-said mechanism on reserve for circulation. Arlicle 3.- The Ministry of Agriculture and Rural Development shall coordinate wiU1 the Ministry of Finance and concerned commercial banks in prescribing the mechanism for supervising the above-said volume of reserve urea fertilizer in order to constantly ensure that it is adequate in enterprises' ware!1ouses in tile reserve duration; closely monitoring changes in the assorted fertilizer supply and demand on the market, and promptly proposing measures to handle arising problemi,, which ;;n-e beyond the competence of the ministries and branches, to tt1e Prime Minister. Articlu 4.- This Decision takes effect clftcr its signing for promulgation. A1ticle 5.- The Ministern of: /\uriculturc rn,rl I1ural DrNcloprnent; Finance; and Trade; and th0 n(lvernm o1 Vi(itmm1 State Bank sh,,111 h,wo to implnnwnt this Decision. For tlw Prim(' Minhfer Deputy Prinm Ministvr NGlJYE:N T/\N DUNCl