TRANSFORMATION OF UKRAINE'S FOREIGN TRADE POLICY IN THE CONTEXT OF THE FREE TRADE AGREEMENT WITH THE EU
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https://orcid.org/0000-0001-5787-8103
Abstract
The article analyzes the current trends in global trade flows. The aim of the study is to determine the directions of transformation of Ukraine's foreign trade policy in the context of the free trade agreement with the EU. The place of the European Union in world trade is determined, it is noted that the basis of the EU foreign trade policy is openness to the markets of developing countries. The paper analyzes the transformation of Ukraine 's foreign trade flows in the context of the Association Agreement with the European Union. The progress of Ukraine in fulfilling the terms of the Agreement on the Free Trade Area was analyzed. The commodity and geographical structure of foreign trade is determined, the degree of diversification and concentration of Ukrainian exports and imports is analyzed. The current problems of Ukraine's foreign trade at the present stage are identified. As a result of the study, the structural deformation of Ukraine's foreign trade and its imbalance are substantiated. This necessitates the stimulation of Ukraine's foreign trade activities, changes in the exports’ raw material orientation and the Ukrainian producers’ integration into global value chains. Also, it was determined that it is expedient to use the experience of EU countries to determine further directions of Ukraine's foreign trade policy transformation. Conclusions that were made: Ukraine need urgent steps to stimulate foreign economic activity to overcome the accumulated socio-economic problems. On the other hand, any further prospects could not be made because of Russian invasion of Ukraine and this influence industrial facilities, agricultural fields and human factor due to the huge number of refugees. This situation affects not only Ukrainian economy and foreign trade policy, but also this affects global supply chains and food security around the world.
The following methods were used: historical-logical method – to determine the objective prerequisites transformation of Ukraine’s foreign trade policy; method of comparative analysis – to conduct a comparative analysis of Ukraine’s international trade dynamic and structure; analysis and synthesis method – to systematize the directions of Ukraine’s foreign trade policy transformation; method of system generalization – to generalize the results of the study.
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