The Effects of Free Trade Agreements on Export Diversification of Vietnam

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 11

Year of Publication : 2020

Authors : Thi Hoang Oanh, Nguyen, Thi Thanh Tam, Phan

10.14445/23939125/IJEMS-V7I11P110

How to Cite?

Thi Hoang Oanh, Nguyen, Thi Thanh Tam, Phan, "The Effects of Free Trade Agreements on Export Diversification of Vietnam," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 11, pp. 65-75, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I11P110

Abstract:

The product variety increases the consumers' surplus and producers' benefits and reduces the risks to obtain sustainable economic development. A country joins free trade agreements (FTAs) to gain advantages from its members to promote export and economic growth and obtain sustainable economic development. Joining FTAs, in general, Vietnam diversifies the products exported. However, the export behavior in terms of export diversification is different with different FTA members; with the small market sizes, Vietnam concentrates on some products to export. Conversely, Vietnam diversifies products exported to the larger FTA markets.

Keywords:

ASEAN, FTA members, export and import diversification.

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