International Trade Policy
PhD. Tran Nguyen Chat
INTERNATIONAL TRADE POLICY
Lecturer: PhD. Tran Nguyen Chat
Division: International Business and Trade
Email: trannguyenchat.cs2@ftu.edu.vn
FOREIGN TRADE UNIVERSITY
HOCHIMINH CITY CAMPUS
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Chapter 1
OVERVIEW OF TRADE AND
INTERNATIONAL TRADE
POLICY
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International Trade Policy
PhD. Tran Nguyen Chat
Chapter outline
1.1. The basics of international trade
1.2. The relationship between international
trade and other sectors
1.3. The basics of international trade
policy
1.3.1. The concept and task of international
trade policy
1.3.2. Forms of international trade policy
1.3.3. Principles in international trade policy 3
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Part 1
OVERVIEW OF INTERNATIONAL TRADE
• Some trade-related concepts
• Objectives, Scopes and Methods
• Nature and development trends of
international trade
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International Trade Policy
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Chapter 1
What is TRADE?
What is International Trade?
What is International Trade
Policy?
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Chapter 1
• Objectives
• Scopes
• Methods
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Chapter 1
Nature and development
international trade
→ Reading materials
•
•
•
•
trends
of
UN WESP
IMF WEO
UNCTAD Trade and Development Report
UNCTAD Handbook of Statistics
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Chapter 1
-Territorial/National boundary?
-Economic boundary?
-Soft boundary?
-Customs boundary?
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Chapter 1
Which across the boundary?
-Traders?
-Goods?
-Services?
-Money/Currency?
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Chapter 1
-Object of study:
InTP and analysis of issues related to InTP such
as international trade theory, WTO agreements,
import-export policy…
-Scope of study:
InTP of Vietnam in comparison with InTP of some
typical countries in aspects of some selected
fields/industries.
-Approach of study: Theoretical and practical
approach
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International Trade Policy
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Chapter 1
-Content of InT
Mainly:
+ Trade in Goods
+ Trade in Services
Additionally:
+ Trade – related intellectual properties
+ Trade – related investment
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-Main characteristics of InT:
+ High growth (much higher than GDP
growth)
+ Terribly affected in the context of the
unstable world economy
+ Imbalanced growth among nations, areas
and industries
+ Strongly emerging services recently
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Chapter 1
-Tendency of InT:
+ Outbreak of scientific, technical and IT
development
+ Tendency of internationalization of the
world economic lifestyle
+ Liberalization and protectionism
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-Tendency of InT:
+ Competition and cooperation
+ Strong growth of service sector
+ Imbalance in growth and income
distribution/ location
+ Instability and unpredictability of the world
economic environment
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Part II
OVERVIEW OF
INTERNATIONAL TRADE POLICIES
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Chapter 1
OVERVIEW OF TRADE POLICIES
• Concept and Characteristics of International
trade policies
• Principles in International Trade Policies
• Contents of trade polices
Trade policies in Goods
Trade policies in Services
IP-related
Investment-related
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Chapter 1
What is POLICY?
What is TRADE POLICY?
What is INT’L TRADE POLICY?
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WORLD TRADE ORGANIZATION (WTO)
BRIEF INTRODUCTION OF
WTO
▪Based on GATT 1947
(General Agreement on Tariff
and Trade on 23/10/1947)
▪Born in 1/1/1995 according to
Marrakesh
Agreement
(Morocco, 5/4/1994)
▪164 members that account
for more than 95% world trade
(Jul 2016)
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WORLD TRADE ORGANIZATION (WTO)
Main principles:
❖Most Favored Nation (MFN)
❖National Treatment (NT)
❖Reciprocity
❖Freer trade
❖Predictability and Transparency
❖Promoting fair competition
❖Special and Differential treatment
(S&D)
For more info, visit www.wto.org
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Non-Discrimination Principle
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WORLD TRADE ORGANIZATION (WTO)
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