International Trade Policy

Dr. Nguyen Thu Hang

 Profile

 Dr. Nguyen Thu Hang

 Tel: 0904651868
 Email: nguyen.thuhang@ftu.edu.vn
 Office: FTU Innovation and Incubation Space
(FIIS)
 Learning outcomes

By the end of the module students should be able to:

 Critically evaluate the various arguments for and against trade
policy (in general as well as specific measures) in terms of their
welfare implications;
 Use different traditional and advanced theoretical models to
demonstrate the welfare effects of trade and integration policies
motivated by both strict economic and political economy factors;
 Use ITC tools for market access: find and compare trade facts,
figures, regulations and barriers
 Text book & materials

Paul R. Krugman, Maurice Obstfeld (2010), International Economics:

Theory and Policy, 9th edition, Pearson Addison Wesley
Bui Xuan Luu, Nguyen Huu Khai (2007), International Trade Policy,
Labor Publisher (Vietnamese)

Some websites:
 https://wits.worldbank.org/CountryProfile/en/VNM
 https://www.wto.org/
 https://unctad.org/en/Pages/Home.aspx
 https://www.trademap.org/Index.aspx
 https://www.macmap.org/
 https://findrulesoforigin.org/home/index
 https://congthuong.vn/
 http://trungtamwto.vn/
 https://www.facebook.com/itrade4.0/ (iTrade page created and
managed by iTrade team - FTU students)
 Schedule

Lecture Topic Note

1 Introduction/Group assignment
2 Theories of trade register the topic for paper/report (mid-term)
3 Theories of trade (continued) approve the topic
4 World Trade Overview
5 World Trade Overview
6 WTO
7 WTO
8 Tariff
9 Tariff submit paper/report
10 Non–tariff measures
11 Non–tariff measures
12 Paper Presentation
13 Report Presentation
14 Guest Speaker
15 Review and Discussion
 Course Assessment

 Attendance in class: 10%

 Mid-term: Research paper/ Export Potential
Report & presentation: 30%
 Final test: 60% (Multiple-choice and essay
questions)
 Discussion & exercises: plus ½ - 1
 Any score below 4: fail to join final test
 Midterm – Research paper

 Formation: 6 group
 Topic: Choose 1 of topic in international trade to write a
scientific research paper
 Register: 2rd lecture with list of group (approved by
lecturer)
 Submit on the 9th lecture (hard copy and soft copy in
pdf file)
 Format and rules: Journal of International Economics &
Management
http://tracuutapchi.ftu.edu.vn/index.php/tcqlktqt
 Presentation time: (see schedule), max 10minutes for
presenting, 5 minutes for Q&A.
 Midterm – Export Potential Report

 Formation: 6 group
 Topic: Choose 1 product from 1 company to prepare the
export potential report
 Register: 2rd lecture (approved by lecturer)
 Submit on the 9th lecture (hard copy and soft copy in
pdf file)
 Presentation time: (see schedule), max 10minutes for
presenting, 5 minutes for Q&A.
 DISCUSSION

GROUP ACTIVITY
 Q&A

What does WTO stand for?

 Q&A

When did Vietnam become the

official member of WTO?
 Q&A

Which countries are the biggest

exporter and importer in the world in
2018-2019?
Biggest exporters in 2018-2019
Biggest importer in 2018-2019
 Q&A

What is the sector that Vietnam export

the most in 2019
 Q&A

How is the trade balance of

Vietnam in 2019?
 Q&A

What is international trade policy?

 Q&A

 Trade openness: exports plus imports as percent of GDP

See more about Trade openness rankings at

https://www.theglobaleconomy.com/rankings/trade_openness/
 Q&A

 What are the gains from trade? What determines a

distribution of gains?
• Expansion in Production;
• Increase in Welfare;
• Rise in National Income;
• Vent for Surplus;
• Technological Development;
• Increased Competition;
• Widening of Market;
• Increase in Investment;
• Efficient Use of Resources;
• Stimulus to Growth;
 International trade policy

International trade policy is a system of appropriate

principles, tools and measures that countries apply to
regulate international trade activities in order to
achieve national goals.
- Tariff
- Non-tariff measures (NTM)