The Current Status and Prospects for Further Development of Trade Relations between Ukraine and the Countries of the European Union

Abstract

The article is aimed at analyzing the current status of export-import operations between Ukraine and the European Union, as well as finding ways to optimize the volume of trade. A study on the investment process in Ukraine is carried out, the current status and prospects for the development of foreign trade, as well as mechanisms for attracting direct investments in the Ukrainian economy, are characterized. Considering that the country’s economy cannot develop effectively without the development of foreign trade activities, there are important issues of Ukraine’s increase in the volume of export-import operations in general and in the trade with the countries of the European Union in particular, as well as proper balance of these activities. The problems and ways to overcome them in terms of development of foreign trade operations, attracting investments in Ukraine, their connection with the regional policy of the State, ways to improve the competitiveness of products are considered. The basis for this study constituted (despite a fairly large volume of existing works by domestic and foreign scholars) the aspects that are constantly changing and have a significant impact on the status of foreign economic activities of Ukraine.

Keywords

• foreign trade
• investments
• innovations
• regional policy