The Problems and Prospects of the Development of International Trade in Ukraine

Abstract

The aim of this article is determination of problems of the international trade development in Ukraine, the main obstacles hindering this process in the current realities, and elaborating practical recommendations as to overcoming the obstacles. This article presents the nature of the international trade, main problems of its development in Ukraine. Development dynamics of Ukrainian foreign trade was analyzed, as well as ratio between export-import agreements was investigated. The crucial task of the modern stage of Ukrainian economy development is increase of Ukrainian exports in the foreign markets in order to ensure economic growth. Partial or complete loss of traditional markets, which took place in recent years, intensifies the necessity to search for effective solutions for the development of exports of Ukrainian products. One of the ways of solving this problem is to develop the trade relations between Ukraine and the European Union, because in terms of export the EU markets are potentially attractive. Also the EU is a large source of investments in Ukraine, necessary for the technological modernization and economic development.

Keywords

• international trade
• exports
• import
• export-import operations
• trade agreements
• European integration