This course is designed base on a practical approach to international trade and from that point aim to equip students with understanding and analytical capability about contemporary issues of international trade policy and the WTO related to: market access, agricultural trade, trade in services... The course also provides students with tools used in international trade. Please be noted that, depend on real situation of the class andor demand of the learners, the instructors may add or remove lectures accordingly.
Faculty of Economics and International Business Foreign Trade University Syllabus for International Trade Policy Instructor: Vu Huyen Phuong (PhD) Department of Academic and Research Affairs A908, Foreign Trade University Email: phuongvh@ftu.edu.vn COURSE OBJECTIVES This course is designed base on a practical approach to international trade and from that point aim to equip students with understanding and analytical capability about contemporary issues of international trade policy and the WTO related to: market access, agricultural trade, trade in services The course also provides students with tools used in international trade Please be noted that, depend on real situation of the class and/or demand of the learners, the instructors may add or remove lectures accordingly PREREQUISITE Microeconomics (E202), Macroeconomics (E204) TEXTBOOK This course doesn’t require a textbook, lecture slide and assigned readings will be provided by instructor However, students are suggested and encouraged to read following additional materials/books beside assigned readings: -Practical guide to Trade Policy analysis, UNCTAD & WTO -Paul Krugman & Maurice Obstfeld, International Economics: Thoery and Policy, Addison Wesley, 8th edition (Part and Part 2) -Guide to International Business System, WTO EXAMINATIONS AND GRADING Participation: 10% Group Presentation: 30% Final Exam: 60% Lec.# Content Introduction, Syllabus, Group Presentation The World Trade Organization (WTO) (1) The World Trade Organization (WTO) (2) Tariffs Tariffs Negotiations Non – tariff Measures (1) Non – tariff Measures (2) Data in International Trade (Using Trade map) Group Presentation (1) 10 Group Presentation (2) 11 Group Presentation (3) 12 Group Presentation (4) 13 Introduction to the GATS (1) Assigned Readings The World Trade Organization (WTO) 🠶 What is WTO ? The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations Its main function is to ensure that trade flows as smoothly, predictably and freely as possible The way to that: 🡪 lower trade barriers : tariffs and non-tariffs barriers The World Trade Organization (WTO) 🠶 Agreements - Agreements were negotiated and signed by a large majority of the world’s trading nations, and ratified in their parliaments - These agreements are the legal ground-rules for international commerce - Essentially, they are contracts, guaranteeing member countries important trade rights - They also bind governments to keep their trade policies within agreed limits to everybody’s benefit The World Trade Organization (WTO) 🠶 The multilateral trading system—past, present and future The World Trade Organization came into being in 1995 One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffs and Trade (GATT) established in the wake of the Second World War The World Trade Organization (WTO) 🠶 The multilateral trading system—past, present and future - The system was developed through a series of trade negotiations, or rounds, held under GATT The first rounds dealt mainly with tariff reductions but later negotiations included other areas such as anti-dumping and non-tariff measures The last round — the 1986-94 Uruguay Round — led to the WTO’s creation - In February 1997 agreement was reached on telecommunications services, with 69 governments agreeing to wide-ranging liberalization measures that went beyond those agreed in the Uruguay Round