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CSTMQT K60CLC C1 - Overview of Trade and International Trade Policy - Preclass Handouts
CSTMQT K60CLC C1 - Overview of Trade and International Trade Policy - Preclass Handouts
Chapter 1
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International Trade Policy PhD. Tran Nguyen Chat
Chapter outline
Part 1
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International Trade Policy PhD. Tran Nguyen Chat
Chapter 1
What is TRADE?
Chapter 1
• Objectives
• Scopes
• Methods
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International Trade Policy PhD. Tran Nguyen Chat
Chapter 1
Chapter 1
-Territorial/National boundary?
-Economic boundary?
-Soft boundary?
-Customs boundary?
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International Trade Policy PhD. Tran Nguyen Chat
Chapter 1
-Traders?
-Goods?
-Services?
-Money/Currency?
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 PhD. Tran Nguyen Chat
Chapter 1
-Content of InT
Mainly:
+ Trade in Goods
+ Trade in Services
Additionally:
+ Trade – related intellectual properties
+ Trade – related investment
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Chapter 1
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International Trade Policy PhD. Tran Nguyen Chat
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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Chapter 1
-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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International Trade Policy PhD. Tran Nguyen Chat
Part II
OVERVIEW OF
INTERNATIONAL TRADE POLICIES
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Chapter 1
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International Trade Policy PhD. Tran Nguyen Chat
Chapter 1
What is POLICY?
What is TRADE POLICY?
What is INT’L TRADE POLICY?
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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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International Trade Policy PhD. Tran Nguyen Chat
Main principles:
❖Most Favored Nation (MFN)
❖National Treatment (NT)
❖Reciprocity
❖Freer trade
❖Predictability and Transparency
❖Promoting fair competition
❖Special and Differential treatment
(S&D)
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Non-Discrimination Principle
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International Trade Policy PhD. Tran Nguyen Chat
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