Vietnam-EU Free Trade Agreement: Impact and Policy Implications for Vietnam

SECO/WTI Academic Cooperation Project Working Paper Series 2016/07

33 Pages Posted: 30 Jun 2016

Date Written: June 30, 2016

Abstract

On 4 August 2015, after three years and several rounds of negotiation, the European Union – Vietnam Free Trade Agreement officially established principles for the basic content of the Agreement. This study aims to analyse impact of Vietnam-EU FTA on bilateral trade of Vietnam. By using a gravity model and a panel data analysis, we show that the reduction of tariffs in the framework of the FTA will have a positive impact on bilateral trade between Vietnam and the EU. In addition, Vietnam-EU FTA will offer many new opportunities but it also challenges for Vietnam. Based on these analyses, this paper proposes some recommendations for Vietnam to benefit more the Vietnam-EU FTA.

Keywords: FTA, impact, implications, Vietnam-EU

JEL Classification: F14, F15, F21, O11, O19, O53

Suggested Citation

Duong, Nguyen Binh, Vietnam-EU Free Trade Agreement: Impact and Policy Implications for Vietnam (June 30, 2016). SECO/WTI Academic Cooperation Project Working Paper Series 2016/07 , Available at SSRN: https://ssrn.com/abstract=2802488 or http://dx.doi.org/10.2139/ssrn.2802488

Nguyen Binh Duong (Contact Author)

Foreign Trade University (FTU) ( email )

91 Chua Lang St
Dong Da District
Hanoi, Hochiminh city 10000
Vietnam

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