Impacts of food safety regulations on Vietnam seafood export

Abstract

This paper employs gravity model to analyze the bilateral seafood trade between Vietnam and 17 countries from 1997 to 2012. The panel data is taken from Vietnam General Statistics Organization, International Monetary Fund, World Bank and Centre d'Etudes Prospectives et d'Informations Internationales. The hausman test indicates that fixed effects model is suitable for estimating the regression. The estimation results show that food safety regulations and exchange rate significantly affect seafood export. On the other hands, importing GDP and distance is statistically insignificant. Also the trade potential result reveals that Vietnam has many opportunities to develop trade with Europe partners.