Trade integration asymmetries of Ukraine and the EU

Анотація

The issue of bilateral trade integration as a result of the implementation of an in-depth and comprehensive free trade area between Ukraine and the EU, which enabled countries to move from partnership and cooperation to political association and economic integration, was revealed. The retrospective of the bilateral cooperation development and the main provisions of the fourth chapter "Trade and Trade-related Issues" are described. It was established that trade and economic relations within the framework of the implementation of the Free Trade Area with the EU create a number of advantages and threats. It is proved that the modernization of Ukraine’s trade policy has become a consequence of trade integration, and its main dominants are defined: growth of commodity turnover between the countries and the growing share of European countries in the structure of Ukraine’s foreign trade; reduction of import duties; improving market access conditions; harmonization of legislation; establishment of tariff quotas; substantial reduction of non-tariff barriers to trade; arrangements of countries to improve the operation of customs; harmonization of the technical regulation system; standardization, metrology, conformity assessment and market surveillance systems; sanitary and phytosanitary measures; strengthening of the protection of intellectual property rights. The forecasting and modeling of the foreign trade turnover between Ukraine and the EU in goods in general, and in goods of the agro-industrial complex in particular, based on the use of a gravity model has been carried out. A positive growth in turnover due to the implementation of the DCFTA between Ukraine and the EU was projected. It has been determined that the scenario is more optimistic for the goods of the agro-industrial complex, which is explained by the domination of trade preferences for this industry. The growth of the dependence of Ukraine's economic growth on exports is substantiated.

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