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Expected Impact of EU-Vietnam Free Trade Agreement on Bulgaria’s Exports

Author

Listed:
  • Dimitar Hadjinikolov

    (University of National and World Economy, Sofia, Bulgaria)

  • Paskal Zhelev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

In December 2015 the European Union reached an agreement on a free trade deal with Vietnam (EVFTA) that will contribute to further market access by eliminating nearly all tariffs on goods traded between the two economies. This paper aims to analyze the impact of EVFTA on Bulgaria’s exports to Vietnam. To this end, we calculate relevant trade indicators and employ a partial equilibrium model by using the Software on Market Analysis and Restrictions on Trade. The results show that EVFTA will provide opportunities for increase of Bulgaria’s exports to Vietnam with the highest positive impact on the products from the food, chemical and textile industries.

Suggested Citation

  • Dimitar Hadjinikolov & Paskal Zhelev, 2018. "Expected Impact of EU-Vietnam Free Trade Agreement on Bulgaria’s Exports," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 467-479, December.
    • Handle: RePEc:nwe:eajour:y:2018:i:4:p:467-479
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    References listed on IDEAS

    as
    1. Parikh, Ashok & Stirbu, Corneliu, 2004. "Relationship Between Trade Liberalisation, Economic Growth and Trade Balance: An Econometric Investigation," Discussion Paper Series 26267, Hamburg Institute of International Economics.
    2. Parikh, Ashok & Stirbu, Corneliu, 2004. "Relationship between Trade Liberalisation, Economic Growth and Trade Balance: An Econometric Investigation," HWWA Discussion Papers 282, Hamburg Institute of International Economics (HWWA).
    3. Mia Mikic & John Gilbert, 2007. "Trade Statistics In Policymaking - A Handbook Of Commonly Used Trade Indices And Indicators," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2491, April.
    4. Zhelev, Paskal, 2018. "Bulgarian-Chinese economic relations in the context of 16+1 Cooperation," MPRA Paper 104599, University Library of Munich, Germany.
    5. Iliyan Mateev, 2005. "Economic Relations of the European Union with East Asian Countries," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 80-94.
    6. Gabriel Felbermayr & Fukunari Kimura & Toshihiro Okubo & Marina Steininger & Erdal Yalcin, 2017. "On the economics of an EU-Japan Free Trade Agreement," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 86, October.
    7. Svoboda Tosheva, 2011. "Bulgaria’S Trade And Economic Relations With The Developing Countries: Some Aspects And Perspectives," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 7(1), pages 72-78.
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    More about this item

    Keywords

    preferential trade; EU Trade Policy;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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