Free Trade Agreement Removed

Critics say this approach could ultimately give the Chinese state more room for appreciation in some markets. Some agricultural producers have expressed concern that the set objectives of the trade deal could undermine their ability to negotiate with Chinese customers. Nguyen, D.K.L. and Cao, T.H.V. (2016), “Do free trade agreements generally and individual raise foreign direct investment into Vietnam?”, Foreign Trade University, IL, available at: veam.org/wp-content/uploads/2016/08/64.-Cao-Thi-Hong-Vinh.pdf (accessed March 15, 2018). The EU has concluded trade agreements with these countries/regions, but both sides are negotiating an update. The pros and cons of free trade agreements have an impact on employment, business growth and living standards: the main criticism of free trade agreements is that they are responsible for the externalisation of employment. Dung (2009) and Minh et al. (2018) concluded that joining a free trade agreement has a positive effect on Vietnam`s economic growth by encouraging gross domestic product (GDP) growth, increasing import-export value, and promoting diversification and restructuring of the import and export market. In short, a free trade agreement is a bilateral trade agreement between two parties….

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