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Impact of the EU: Vietnam Free Trade Agreement (EVFTA) on Agricultural Product Export Enterprises in Vietnam

Author

Listed:
  • Phan Thu Trang
  • Tran Xuan Hiep
  • Do Thi Tho
  • Tran The Tuan
  • Tran Cao Nguyen

Abstract

New-generation free trade agreements (FTAs) have promoted Vietnam's international integration process and brought many opportunities for Vietnamese exporters. Agricultural products are most affected when implementing new-generation FTAs. Impacts can include both positive and negative effects. The objective of this article is to analyze some of the impacts of the FTA between the EU and Vietnam on Vietnam's agricultural export enterprises after the agreement is signed. Research results show that the FTA has increased the import and export volume of agricultural products, and some of the strengths of Vietnamese agricultural products have also increased. Research results also show that when participating in FTAs, if businesses do not adapt in time, they will be left behind. At the same time, the paper also provides recommendations and solutions for enterprises and enterprises exporting agricultural products to Vietnam and the state to take advantage of and limit the negative impacts of FTAs.

Suggested Citation

  • Phan Thu Trang & Tran Xuan Hiep & Do Thi Tho & Tran The Tuan & Tran Cao Nguyen, 2023. "Impact of the EU: Vietnam Free Trade Agreement (EVFTA) on Agricultural Product Export Enterprises in Vietnam," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, January.
    • Handle: RePEc:bjz:ajisjr:2343
    DOI: https://doi.org/10.36941/ajis-2023-0010
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    References listed on IDEAS

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    2. Jing Lu & Xiuyang Pan & Zuoling Xie, 2020. "Unity versus Collaboration: Construction of China's Belt and Road Free Trade Agreement 2.0 Network," Pacific Economic Review, Wiley Blackwell, vol. 25(2), pages 250-271, May.
    3. Lars Nilsson, 1999. "Two-way trade between unequal partners: The EU and the developing countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 135(1), pages 102-127, March.
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