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Agreement Impact

In addition, many economists argue that recent U.S. production problems have little to do with NAFTA and say that domestic production was under pressure decades before the contract. Surveys by David Autor, David Dorn and Gordon Hanson, published in 2016 [PDF], have shown that competition with China since 2001, when China joined the WTO, has had a much greater negative impact on U.S. employment. Hanson, an economist and trade expert at the University of California, San Diego (UCSD), says the biggest decline in manufacturing employment – between 17 million and 11 million between 2000 and 2010 – is mainly due to trade with China and underlying technological changes. “China is at the top of the list in terms of the impact on employment that we have seen since 2000, with technology being second and NAFTA much less important,” he says. Cirera, X., Willenbockel, D. and Lakshman, R.W. (2014), “Evidence on the impact of tariff reductions on employf reductions on employf in developing countries: a systematic review,” Journal of Economic Surveys, Vol. In the context of the ratification process, Vietnam and the EU agreed to divide the EVFTA into two parts: the Free Trade Agreement and the Investment Protection Agreement (EVIPA). At present, the agreements are not binding under international law until the ratification process is completed.

Fukase, E. and Martin, W. (2016), “The economic potential of an India-US free trade agreement,” Journal of Economic Integration, Vol. The agreement makes SOEs and private companies equal when they participate in commercial transactions (sales and purchases with a profit objective), which does not make them discriminatory. On a case-by-case basis, information about a company`s business structures and finances may be requested as part of the agreement. In Vietnam`s import structure, EU products from the industrial sector accounted for 97% of the total value of Vietnam`s imports (General Statistics Office of Vietnam, 2018). This is why this paper examines the impact of tariff reductions in the industrial sector on the Vietnamese economy under the EVFTA, using the predictable general equilibrium (CGE) approach.