Affiliation:
1. Taras Shevchenko National University of Kyiv, Coordinator of Jean Monnet Centre of Excellence, Kyiv, Ukraine Ukraine Doctor of Economic Sciences, professor, head of the Department of World Economy and International Economic Relations, Educational and Scientific Institute of International Relations
2. https://orcid.org/0000-0003-3315-2919
Abstract
Integration with the large market of the EU creates additional competitive advantages for Ukraine. The Association Agreement and the Deep and Comprehensive Free Trade Area (DCFTA), the status of the candidate country and international assistance, which aim to approximate Ukraine’s legislation to EU norms, have become the institutional instruments of such integration. Over the recent years, the European Union has become Ukraine’s main trade and investment partner. The basis of Ukrainian exports to the EU is formed mainly by crops and metallurgical products. The main items of Ukraine’s imports are supplies of machine-building equipment and fuels. In terms of grains and oil crops, Ukraine is the main supplier to the EU. Under the conditions of war, the foreign trade with the EU has proven itself to be robust in volume and, in contrast to other vectors of trade, diversified. This was facilitated by the elimination of a number of tariff and non-tariff restrictions on Ukrainian exports to the EU, as well as the realignment of the logistics infrastructure towards the West. The structure of Ukrainian exports to the EU has seen an increase in the role of a range of agricultural products, along with a sharp decline in the role of metals. On the other hand, the EU has become an important supplier of military products and fuels to Ukraine. Along with that, with the question of security unresolved, the insufficient investment attractiveness remains to be a problematic aspect for Ukraine.
Publisher
West Ukrainian National University
Subject
Materials Chemistry,Economics and Econometrics,Media Technology,Forestry
Reference35 articles.
1. AgroPolit.com. (2021, Mar 02). Free trade area between Ukraine and the EU in 2015-2020: Exports, imports, quotas, economic achievements and failures [in Ukrainian]. https://agropolit.com/spetsproekty/840-zona-vilnoyi-torgivlimij-ukrayinoyu-ta-yes-u-2015-2020-rokah-eksport-import-kvotiekonomichni-dosyagnennya-ta-provali
2. Bergmann, J., & Romanyshyn, I. (2022). Rebuilding Ukraine: How the EU should support Ukraine’s reconstruction and recovery (IDOS Policy Brief No. 6/2022). German Institute of Development and Sustainability (IDOS). https://www.idos-research.de/uploads/media/PB_6.2022.pdf
3. Bilquin, B. (2022, Nov 18). European Peace Facility: Ukraine and beyond. European Parliamentary Research Service. https://epthinktank.eu/2022/11/18/europeanpeace-facility-ukraine-and-beyond/
4. Directorate-General for Financial Stability, & Financial Services and Capital Markets Union. (2022, Sep 27). Joint statement – Remittances to Ukraine.
5. European Commission. https://finance.ec.europa.eu/publications/jointstatement-remittances-ukraine_en