First, arrangements were put in place for the move towards a market-determined exchange rate. Second, since 1992 the trade policy imbibed a medium-term perspective. Third, a key aspect of the trade reforms has been a substantial reduction in import tariff rates and a drastic rationalisation of the tariff structure, including their dispersion.
BIS Review 20/2010  1  There have also been quite a number of other mini booms in mining activity, but given the time available I am going to limit myself to the five episodes I have just noted.