This paper presents an analysis of the trade policies in Vietnam and how they have affected the rest of the world. It also includes teriff information, as well as information on the trade embargo policies.
International business 150 point paper.
Trade policies in Vietnam have restrictions in their trade agreements to protect their country interests and those of its people. A major protection from their perspective is the ability to protect domestic production. However the official powers recognize the benefits of participating in trade agreements with other countries. To that extent they have entered into traded agreements and joined numerous official trade unions with many countries, including the United States.
Vietnam has applied for entrance into the WTO (World Trade Organization) and joined ASEAN(ASEAN Free Trade Area) in 1997 with the intent to comply with trade agreements rules as defined by AFTA (Asian Free Trade Area) and CEPT (Common Preferential Tariff Scheme) (Department of Planning, 2006).
The motivating factor for Vietnam to join ASEAN with its accompanying trade guidelines of AFTA and CEPT, among others, was to raise awareness and understanding of tariff traded items with their related and non-related measures, called NTMs and non-tariff trades barriers, called NTBs (United Nations Development Project, 1999).
To trade within a given market such as country versus international arena you must know the guidelines of a given entity to know boundaries and comply. This is the very purpose of all the various trade agreements.
The agreements provide benefits and standards that can be used for any and all companies and countries. Additional agre ...