Impacts of the EVFTA on the importation of pharmaceutical products from the EU into Vietnam
Main Article Content
Abstract
This study was conducted to analyze the tariff impact of the EVFTA on Viet Nam pharmaceutical imports from the EU market, including four groups of effects: trade creation effect, trade diversion effect, tax revenue and welfare effects. To assess the effects of the tariff policy under the EVFTA on pharmaceutical imports, the authors use SMART model together with qualitative analysis. Accordingly, research result shows that the trade creation effect is expected to be greater than the trade diversion effect, the overall tariff revenue will decline while the social welfare is predicted to increase when the EVFTA comes into force. Based on the analysis, recommendations for the government, businesses and stakeholders are proposed.
Article Details
Keywords
EVFTA, import, pharmaceutical products, EU, Vietnam
References
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