Customs Policy as a Tool for Developing Ukraine’s Export Potential

Author:

Todorova Olha1ORCID,Sydorovych Olena2ORCID,Gutsul Inna3ORCID,Herasymiuk Paul4ORCID,Krysovata Kateryna3ORCID

Affiliation:

1. Department of Public Administration and Regionalism, Educational and Scientific Institute for Public Service and Administration of the National University “Odesa Polytechnic”, Odesa, Ukraine.

2. S. I. Yuriy Department of Finance, West Ukrainian National University Ternopil, Ukraine.

3. S. I. Yuriy Department of Finance, West Ukrainian National University, Ternopil, Ukraine.

4. S. I. Yuriy Department of Finance, West Ukrainian National University Ternopil, Ukraine.

Abstract

The purpose of the article was to study the elements of the legal regulatory mechanism in the field of customs policy and its impact on the development of export potential, to clarify the essence of export potential and to study effective financial and non-financial measures to support exports. The research methods used were: monographic analysis, analysis and synthesis, systemic, comparative and legal, generalization and forecasting methods. The need to develop effective measures aimed at the development of export potential has been substantiated. It has been shown that the rapid reorientation of Ukrainian exporters to Western markets is possible only in terms of establishing an effective customs policy and well-chosen financial measures of export support. It is concluded that improvement of customs policy tools and implementation of European law standards into the national legal system are the only possible ways to develop Ukraine's export potential and increase overall exports. It is emphasized that the formation of modern customs policy of Ukraine should be based on modernization, attraction of investments and integration of information technologies.

Publisher

Universidad del Zulia

Subject

General Economics, Econometrics and Finance

Reference22 articles.

1. ANALYTICAL CENTER INDUSTRY4UKRAINE. 2020. “Export support tools for medium and high-tech industrial sectors” In: Digest No. 7. Available online. In: https://www.industry4ukraine.net/docs/www_industry4ukraine-digest-7.pdf. Consultation date: 19/09/2022.

2. ANDRUSIV, Uliana; ZELINSKA, Halyna; GALTSOVA, Olga; KUPALOVA, Halyna; GONCHARENKО, Nataliia. 2021. “The modeling and forecasting of fuel and energy resources usage in the context of the energy independence of Ukraine” In: Polityka Energetyczna – Energy Policy Journal, Vol. 24, Issue 1, pp. 29-48. Consultation date: 17/09/2022.

3. BEREZHNIUK, Ivan. 2019. Customs regulation in the system of economic security of the national economy. Thesis for a Candidate’s degree of Economic Science (PhD), specialty 08.00.03. «Economics and management of national economy» (Economic Sciences). University of the State Fiscal Service of Ukraine. Irpin, Ukraine.

4. BIKULOVA, Dinara; BONDARENKO, Natalia. 2014. “Assessment of the current state and perspectives for the development of foreign trade activities of Ukrainian regions in terms of deepening integration processes” In: Problems and Perspectives of Entrepreneurship Development. Vol. 1, No. 06, pp. 199-204.

5. EUROPEAN PARLIAMENT AND OF THE COUNCIL. 2022. Regulation (EU) 2022/870. “On temporary trade-liberalization measures supplementing trade concessions applicable to Ukrainian products under the Association Agreement between the European Union and the European Atomic Energy Community and their Member States, of the one part, and Ukraine, of the other part”. Available online. In: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.152.01.0103.01.ENG&toc=OJ%3AL%3A2022%3A152%3ATOC. Consultation date: 19/09/2022.

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