
The trade and economic cooperation between Ukraine and Canada in the context of the free trade agreement
Author(s) -
Nadiia Kryvenko
Publication year - 2020
Publication title -
vìsnik ekonomìki
Language(s) - English
Resource type - Journals
eISSN - 2786-4545
pISSN - 2786-4537
DOI - 10.35774/visnyk2020.03.144
Subject(s) - international trade , globalization , international free trade agreement , free trade , economic integration , international economics , economics , complementarity (molecular biology) , context (archaeology) , diversification (marketing strategy) , trade barrier , commodity , liberalization , bilateral trade , trade agreement , business , political science , china , geography , market economy , archaeology , marketing , biology , genetics , law
. Deepening of trade and economic cooperation between the countries remains one of driving forces for their economic development, especially in the context of globalization. Thus, developed countries are the largest exporters and importers in the world market, and special attention is paid to the sale of finished products. The conclusion of regional trade agreements between countries promote development of trade , as trade policy is one of the main issues in them, they take into account the degree of processing of products, the terms of liberalization, quotas and others. Ukraine is also trying to diversifу export and increase its volume as a result of the conclusion of Free Trade Agreements, in particular with Canada.Purpose. Explore the trade and economic relations between Ukraine and Canada, taking into account the Free Trade Agreement and determine the complementarity of relations of countries.Methods. The methods of theoretical generalization, analysis, economic-mathematical modeling, comparison and etc. were used in the work.Results. The artticle emphasizes growth of RTA in the world between countries of different continents and levels of economic development, in particular for example Ukraine and Canada. The development of cooperation between these countries through the study of legal documents concluded by them and the dynamics of bilateral trade is considered. The conclusion of RTA by Canada and Ukraine with a number of other countries is noted, with the selection of the most influential ones, in particular NAFTA and USMCA. The commodity diversification of Canada’s exports and imports, bilateral trade with Ukraine are analyzed, and its increase is observed both in general and in the last years after the conclusion of the Agreement, trade in agrarian products is highlighted.The resulting indicators of trade development between the countries were also calculated, the level of complementarity of the commodity structure of foreign trade of Ukraine and Canada was determined, which indicates the prospects for the development of cooperation between them. The issues of liberalization in the context of the concluded Free Trade Agreement, export requirements are considered, the possible consequences for Ukraine as a result of the concluded Agreement and measures to promote the deepening of trade are presented.Discussion. In the future, we should focus on the research of trade of individual sectors of the economy, commodity diversification of exports and ways of its deepening, the competitiveness of products, increase total export of Canada and Ukraine.