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Vietnam's Accession to the WTO: Ex-Post Evaluation in a Dynamic Perspective

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  • Houssein Guimbard
  • Hugo Valin

Abstract

Vietnam’s accession to the World Trade Organisation (WTO) on January 11, 2007 has represented the outcome of decades of efforts to modernise its economy. In this paper, we propose a new general equilibrium assessment of Vietnam’s accession to WTO using a dynamic approach and benefiting from the ex-post perspective offered one year after the membership acceptation. We rely on a dynamic global model incorporating duty-drawbacks and taking into account tariff changes at the HS6 level. A particular attention is paid on the sensitivity to dynamics assumptions and labour market closure. Our results show that gains for Vietnam linked to WTO accession are positive for trade in merchandises, but highly dependent on the evolution of textile and apparel sectors, whose exports were boosted by the commitments.

Suggested Citation

  • Houssein Guimbard & Hugo Valin, 2008. "Vietnam's Accession to the WTO: Ex-Post Evaluation in a Dynamic Perspective," Working Papers 2008-31, CEPII research center.
    • Handle: RePEc:cii:cepidt:2008-31
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    as
    1. 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.
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    Cited by:

    1. To, Minh Thu & Lee, Hiro, 2014. "Assessing the impacts of deeper trade reform in Vietnam in a general equilibrium framework," MPRA Paper 82271, University Library of Munich, Germany.
    2. Kikuchi, Tomoo & Yanagida, Kensuke & Vo, Huong, 2018. "The effects of Mega-Regional Trade Agreements on Vietnam," Journal of Asian Economics, Elsevier, vol. 55(C), pages 4-19.

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    More about this item

    Keywords

    Computable General Equilibrium Models; Trade policy; World trade organisation; Vietnam;
    All these keywords.

    JEL classification:

    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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