Research on the Impact of Trade Facilitation on Trade Between Vietnam and Europe Empirical Analysis Based on Commercial Gravity Model

Abstract

The aim of this research is to calculate and measure the level of trade facilitation of Europe countries. The research selected 5 indicators of trade facilitation including infrastructure, customs environment, e-commerce, policies environment and financial environment to measure the degree of trade facilitation of Europe countries and use the Gravity Model to empirically analyze the effect of trade facilitation Europe countries to trade between Vietnam and Europe. The research result shows that trade facilitation profoundly affects Vietnam's export and import flow. Based on the analysis results, the paper gives some recommendations to boost Vietnam’s trade facilitation. Keywords—trade facilitation; trade; Gravity Model; Europe