Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Reply to discussion (Introduction to Barriers to Trade)

Description

Vietnam, a developing country, heavily relies on its agriculture sector, including fruits,
vegetables, and rice. However, Japan, a developed nation, imposes tariffs on these products.
These tariffs aim to protect Japanese rice farmers and the agricultural sector from international
competition. While these measures temporarily benefit Japanese farmers, they have longerterm negative economic repercussions for both countries.
Impact on Vietnam
Vietnam’s economy is significantly reliant on agriculture, which contributes substantially to its
GDP and employment. The country exports numerous agricultural products to Japan, one of its
primary markets. However, the imposition of tariffs by Japan makes Vietnamese goods less
competitive in this market. As a result, Vietnam’s agricultural exports to Japan have declined,
reducing revenue for Vietnamese companies and farmers. This downturn adversely affects rural
communities dependent on agriculture for their livelihood (Carbaugh, 2019). The diminished
demand from foreign markets also limits Vietnam’s ability to invest in advanced agricultural
technologies that could enhance productivity and output quality (World Trade Organization
[WTO], 2020). Consequently, the economic growth of Vietnam’s agricultural sector is stunted,
creating additional challenges for improving rural welfare.
Impact on Japan
Japan’s tariffs are designed to protect domestic farmers from foreign competition, particularly in
the rice industry, which is integral to the country’s economy and culture. Nevertheless, these
tariffs lead to economic trade-offs. By increasing the cost of agricultural imports, Japan raises
the price of essential foods for its citizens (Carbaugh, 2019). Additionally, the higher cost of
imported agricultural products means that industries such as food manufacturing and
restaurants face increased input expenses. This situation renders these industries less
competitive in both domestic and international markets (Krugman & Obstfeld, 2018). Overall,
the tariffs create economic inefficiencies by maintaining artificially high prices and restricting
competition, even though they provide temporary protection for domestic farmers.
Tariff Elimination
Eliminating Japan’s tariffs on agricultural products could economically benefit both countries.
Japan would gain access to cheaper agricultural products, leading to reduced prices for
consumers and businesses. This change would enable Japan to allocate resources more
effectively, freeing up funds for other profitable ventures (Krugman & Obstfeld, 2018). Increased
market access for Vietnam would allow for greater investment in agricultural technologies and
boost export earnings, ultimately enhancing farmer income and productivity (WTO, 2020).
However, removing tariffs could expose Japanese farmers to heightened competition,
potentially disadvantaging small-scale producers. To address these concerns, Japan might
consider implementing government support programs aimed at improving the competitiveness
of domestic agriculture. A phased reduction of tariffs, combined with these support measures,
could help mitigate the impact on Japanese farmers while fostering economic cooperation with
Vietnam (Organisation for Economic Co-operation and Development [OECD], 2021).
Conclusion
In summary, Japan’s tariffs on Vietnamese agricultural products, while intended to protect
domestic farmers, lead to economic inefficiencies in both nations. Vietnam’s agricultural sector
suffers from reduced market access, hindering its economic growth, while Japan experiences
higher consumer prices and less competitive industries. A gradual removal of tariffs, paired with
domestic support measures, would likely benefit both economies in the long term.
References
Carbaugh, R. J. (2019). International economics (17th ed.). Cengage Learning.
Krugman, P. R., & Obstfeld, M. (2018). International economics: Theory and policy (11th ed.).
Pearson.
Organisation for Economic Co-operation and Development. (2021). Agricultural policy
monitoring and evaluation 2021: Addressing agricultural challenges in Japan. OECD
Publishing.
World Trade Organization. (2020). World Trade Report 2020: Trade and trade barriers. WTO
Publications.

Purchase answer to see full
attachment

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Operation management

Description Instructions: Students can work in groups of two or individually to complete the project. The students may use POM and/or Microsoft Excel to answer the questions. Submit only soft copy by Moodle. Please fill and attach the cover sheet before submission. Plagiarized projects will be given 0 marks. If

Leadership and Management Development (5OS06)

Description Evidence required: ➢ Written responses to each of the ten instructions ➢ Assessment Criteria as headings for each answer. ➢ Professionally presented answers, with in-text Harvard Referencing to support them. ➢ End Reference list. ➢ 3,900 (+/-10%) words in total. 5OS065Assessment Level Associate Walkthrough Diploma Learning Outcome 3 Asked

Only edit the structure

Description My final project yahya and another document structure to be followed. Jeddah International College Business Administration Department Digital Transformation and the Future of Work in Saudi Mining: Impacts of Automation on Jobs, Skills, and Transition Strategies In Partial Fulfillment of Master of Business Administration (MBA Prepared by Yahya Mabrook

Only edit the structure

Description My final project yahya and another document structure to be followed. Jeddah International College Business Administration Department Digital Transformation and the Future of Work in Saudi Mining: Impacts of Automation on Jobs, Skills, and Transition Strategies In Partial Fulfillment of Master of Business Administration (MBA Prepared by Yahya Mabrook

Operation management

Description Instructions: Students should work individually to complete the case study. Submit only soft copy by Moodle. Please fill and attach the cover sheet before submission. Plagiarized case study will be given 0 marks. If the case study is submitted late, marks will be deducted. Operations Management– MB 504 Case

Operation management

Description Submit: Only Soft copy on Moodle. Students can work in teams of two or submit the assignment individually. Use the proper format (font, font size, spacing). In case of late submissions your marks will be deducted. Plagiarism is strictly forbidden. Any assignments that have copied material will be given

Research about business closed ( shortage of cash )

Description I need a research about company ( BED AND BEYOND) closed cuz shortage of cash the main reason – I need a professional research cover all the side of the company, financial and accounting use SWAT ANALYSIS their financial statements if they have , why it’s closed? Cover everything

IT project 361

Description see College of Computing and Informatics Project Deadline: Monday 21/04/2025 @ 23:59 [Total Mark for this Assignment is 14] Students Details: CRN: ### Name: ### Name: ### Name: ### ID: ### ID: ### ID: ### Instructions: • You must submit two separate copies (one Word file and one PDF

i want ppt solve

Description i want ppt good very good and add photo for each slide topic: Saudi Arabia’s contributions to combating epidemics globally… NGO efforts Stop TB partnership partners with at least two Saudi NGOs: Dr. Abdul rahman Al Mishari Hospital and Al Salam Hospital. NGOs are non-governmental organizations (NGOs). These organizations

Reward for Performance and Contribution (5HR03)

Description A report, referring to the above scenario, with written responses to each of the 10instructions above. • Approximately 3900 words in total, refer to CIPD word count policy. Please tick whether you are submitting a draft or your summative assessment: Draft ☐ ☐ Summative Complete the first part of

PMP RESEARCH + PRESENTATION

Description Research Structure: 1. Introduction – Background of the mining industry in general and in KSA. – Importance of digitization and automation. – Objectives of my study. 2. Theoretical Framework – Concepts and theories related to digitization, automation, and the future of work. 3. Literature Review – Summary of existing

372 ass 13

Description See College of Health Sciences Department of Health Informatics ASSIGNMENT COVER SHEET Course name: Public health outbreak and disaster management Course number: PHC 372 Assignment title The Role of Technology in Public Health Disaster Management “Natural disasters have always been a significant threat to human lives and infrastructure, causing

373 ass 16

Description See College of Health Sciences Department of Public Health ASSIGNMENT COVER SHEET Course name Maternal and Child Health Course number PHC 373 CRN – Branch name XXXXX Assignment title or task: ( write and questions) Discuss the methods, advantages, and criticisms of evidence-based practice in maternal and child health

373 ass 16

Description See College of Health Sciences Department of Public Health ASSIGNMENT COVER SHEET Course name Maternal and Child Health Course number PHC 373 CRN – Branch name XXXXX Assignment title or task: ( write and questions) Discuss the methods, advantages, and criticisms of evidence-based practice in maternal and child health