Ukrainian-Chinese collaboration: Prospects of development

Abstract

In article the current state of the Chinese-Ukrainian relations is analysed, the priority directions of strategic cooperation are considered. The analysis of economic development of Ukraine and China with definition of positive and negative tendencies is carried out. It is certain that there is a mutual aspiration of the parties before increase in volumes of bilateral trade, diversification of its structure, development of long-term forms of economic cooperation, deepening of investment interaction between Ukraine and China. The analysis of the study is conducted during 2010-2016 years. We have identified prospective investment sectors within the framework of cooperation between Ukraine and China - Transport Infrastructure, Agriculture, Renewable energy, Telecommunications, IT, educational sphere. The current dynamics of the trade balance between Ukraine and the People’s Republic of China, taking into account the considerable predominance of imports, requires a thorough review of trade policy measures: to improve the structure of trade, introducing new forms of trade relations, To develop the institutional framework for cooperation, To search for ways to reduce the energy intensity of export industries, To stimulate the means of tariff and non-tariff regulation of imports into Ukraine of mainly investment high-tech goods. The forecast of possible risks according to each perspective direction of development is made.

Keywords

• collaboration
• development
• analysis
• economic relations
• prospects