Impacts of Trade Protection by Tariffs on Agricultural Imports and Exports by Using GTAP Model: A Case Study in Vietnam

Abstract

International economic integration has brought high growth to international trade while promoting economic development for many countries around the world. However, in recent times, in the world, there has appeared a trend opposite to trade liberalization, which is protectionism. Advocates for trade protection provide arguments for why countries implement trade-restrictive measures. Those causes are related to national security and defense, solving the trade deficit, creating jobs, protecting the nascent industry and ensuring fair trade. Countries are currently using tariff measures including import and export tariffs, and non-tariff measures. The article studies protectionism, analyzes the impact of trade protectionism by tariffs on Vietnam’s GDP and exports, and makes policy recommendations for the Government of Vietnam.