Assessing impacts of EU-Vietnam free trade agreement (EVFTA) on Vietnam’s iron and steel import from EU

Phan Thanh Anh Quoc (2023) Assessing impacts of EU-Vietnam free trade agreement (EVFTA) on Vietnam’s iron and steel import from EU. Külkereskedelmi Kar. (Kéziratban)

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Absztrakt (kivonat)

The purpose of this research is to evaluate the effects of tariff reduction under the European-Vietnam free trade agreement (EVFTA) on the importation of iron and steel from the European Union (EU) to Vietnam. The assessment is done by considering two distinct scenarios and applying the Software on Market Analysis and Restrictions on Trade (SMART) model. The findings indicate that the elimination of tariffs by Vietnam on iron and steel imports from the EU would not lead to a substantial rise in imports from the EU and that the EU would continue to be a potential Vietnam's supplier of steel despite Vietnam's attempts to integrate with ASEAN + 1 and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). In addition, it is possible that there is an unequal distribution in the growth of imports and their associated products from the EU into Vietnam. Accordingly, studies indicate that the trade creation impact is likely less than the trade diversion effect with the implementation of EVFTA exclusively. Based on the outcomes presented, the paper argues that it is necessary for both the Vietnamese government and steel enterprises to acknowledge the significance of the EVFTA and its effect on the iron and steel sectors. Furthermore, it is crucial for them to recognize the disparate distribution of Vietnam's import alterations from the European Union, both in terms of nation and product, in order to formulate suitable business and investment strategies. Furthermore, it is essential for Vietnam to implement strategies aimed at expanding its European import markets in order to reduce reliance on conventional markets inside the European Union. In conclusion, it is recommended that Vietnam strategically enhance its involvement in the steel industry by fostering integration with all groups of nations, particularly ASEAN and China. This approach aims to mitigate the trade diversion effect and enhance Vietnam's overall welfare. However, it is crucial for Vietnam to take caution and carefully assess the timing of tariff removal for each group to prevent any unexpected surge in steel imports.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Mű típusa:	TDK dolgozat
Kulcsszavak:	ASEAN, CPTPP, EVFTA, smart, Vietnam
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2024. Már. 22. 12:51
Utolsó módosítás:	2024. Már. 22. 12:51

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