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

TY - UNPB

T1 - Vietnam’s Accession to the WTO

T2 - Lessons from Past Trade Agreements

AU - Abbott, Philip

AU - Bentzen, Jeanet

AU - Tarp, Finn

N1 - JEL Classification: F13, F14, O24, O53

PY - 2007

Y1 - 2007

N2 - 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 ofinvestment by sector

AB - 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 ofinvestment by sector

KW - Faculty of Social Sciences

KW - trade liberalization

KW - bilateral trade agreements

KW - WTO

KW - Vietnam

M3 - Working paper

BT - Vietnam’s Accession to the WTO

PB - Department of Economics, University of Copenhagen

CY - Cph.

ER -