Open AccessLEGAL REGULATION OF INVESTMENT ACTIVITY IN THE AGRICULTURAL SECTOR OF THE UKRAINIAN ECONOMY
Author(s) -
Valentyna Kornienko,
Ann Lazebna
Publication year - 2020
Publication title -
vìsnik harkìvsʹkogo nacìonalʹnogo unìversitetu ìmenì v.n. karazìna. serìâ pravo
Language(s) - English
Resource type - Journals
ISSN - 2075-1834
DOI - 10.26565/2075-1834-2020-30-07
Subject(s) - investment (military) , open ended investment company , legislation , ukrainian , business , economic policy , agriculture , economic system , market economy , economics , political science , return on investment , law , politics , production (economics) , ecology , linguistics , philosophy , biology , macroeconomics
. Legal regulation of the process of attracting investment in the agricultural sector of Ukraine's economy is the basis for the formation of an attractive investment climate in the country. The level of investment in agriculture is insufficient to increase the export potential of our country.Topicality. Investment activity in the field of agriculture was studied according to the criteria of economic indicators, and the legislation establishing the procedure for attracting investment in the agricultural sector of the national economy was ignored.Purpose. Analysis of the current legislation on the process of investing in the agricultural sector of the national economy, study of the international legal framework on this issue, as well as identifying ways to optimize the legislative regulation of the investment process to increase the attractiveness of the investment climate.Methods. Theoretical and general scientific (analysis, synthesis, systematization), empirical method (method of comparison).Results. Based on the results of the study of regulatory and legal regulation of investment activities in the agricultural sector of Ukraine, international acts are analyzed, which regulate the basics of investment activities, including the Seoul Convention and the Convention on the Settlement of Investment Disputes between States and Foreign Persons. The main legal acts on the investment process in Ukraine were also studied, namely: Law “On Investment Activity”, Law “On State Support of Agriculture”, Resolution of the Cabinet of Ministers “On Approval of the Program for Development of Investment and Innovation Activity in Ukraine”. It has been found that the Ukrainian legislator is working to optimize the regulation of investment activities, but problems related to inconsistencies in regulations, corruption, inefficiency of the judiciary and legislative support of the investment process are still obstacles to improving the investment climate.Conclusions. Improving the effectiveness of legal regulation should be aimed at: eliminating shortcomings in the regulation of investment activities, increasing the level of state support for agriculture, a clear delineation of the competence of public authorities implementing investment policy.