Foreign Trade Activities of Ukraine at the Current Level: Challenges and Directions

Abstract

Ukraine's foreign trade is one of the most important ways to increase the State budget. Strategic goal in the development of economy of Ukraine is to achieve a presentable place in the international division of labor, namely in the field of foreign trade. The European Union is the strongest global economic organization, the largest and the best regional market of the world. The article is aimed to determine status of the foreign trade activities in Ukraine, its positive and negative traits, and areas for their improvement. It is concluded that developing relations with the EU in the long term, given the geopolitical, geoeconomic and historic European status of Ukraine, should remain one of the priorities of our foreign economic policy. A basic milestone in the way of gaining the full membership in the EU should be creation of economic and legal preconditions for the commencement of negotiations on a free trade zone between Ukraine and the EU. Prospect for further research in this direction is accomplishing an analysis of development of the foreign economic relations of Ukraine with the EU and of ensuring the economic integration of Ukraine into the European economic space.

Keywords

• foreign economic relations
• integration
• integration processes
• the European Union