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Vietnam’s Accession to the WTO: Lessons from Past Trade Agreements

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  • Abbott, Philip
  • Bentzen, Jeanet
  • Tarp, Finn

Abstract

This paper examines Vietnam’s experience with bilateral trade agreements and compares subsequent outcomes with predictions from existing computable general equilibrium (CGE) models. Those model based assessments have greatly underestimated the impact of past agreements. Tariff reform is not the main factor driving economic adjustments, and market imperfections mean there is potential for greater output and trade expansion. The key questions to ask in future research are what critical new institutional reforms WTO accession will bring, and what incentives will be put in place to determine the evolution of investment by sector.

Suggested Citation

  • Abbott, Philip & Bentzen, Jeanet & Tarp, Finn, 2006. "Vietnam’s Accession to the WTO: Lessons from Past Trade Agreements," MPRA Paper 61679, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:61679
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    1. Abbott, Philip & Bentzen, Jeanet & Huong, Thi Lan & Tarp, Finn, 2007. "A Critical Review of Studies on the Social and Economic Impacts of Vietnam’s International Economic Integration," MPRA Paper 29789, University Library of Munich, Germany.
    2. Houssein Boumellassa & Hugo Valin, 2009. "Vietnam's Accession to the WTO: Expost Evaluation in a Dynamic Perspective," Economie Internationale, CEPII research center, issue 118, pages 13-42.
    3. Jing Cao & Richard Garbaccio & Mun S. Ho, 2009. "China's 11th Five-Year Plan and the Environment: Reducing SO 2 Emissions," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 3(2), pages 231-250, Summer.
    4. Berger, Axel & Bruhn, Dominique & Bender, Andrea & Friesen, Julia & Kick, Katharina & Kullmann, Felix & Roßner, Robert & Weyrauch, Svenja, 2016. "Deep preferential trade agreements and upgrading in global value chains: the case of Vietnam," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 92, number 92.

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    More about this item

    Keywords

    Trade liberalization; Bilateral trade agreements; WTO Accession; Vietnam;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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