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The current state and prospects of trade relations between Ukraine and the European Union: The Visegrad vector

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dc.title The current state and prospects of trade relations between Ukraine and the European Union: The Visegrad vector en
dc.contributor.author Moroz, Serhiy
dc.contributor.author Nagyová, Ludmila
dc.contributor.author Bilan, Yuriy
dc.contributor.author Horská, Elena
dc.contributor.author Poláková, Zuzana
dc.relation.ispartof Economic Annals-XXI
dc.identifier.issn 1728-6220 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 163
utb.relation.issue 1-2
dc.citation.spage 14
dc.citation.epage 21
dc.type article
dc.language.iso en
dc.publisher Institute of Society Transformation
dc.identifier.doi 10.21003/ea.V163-03
dc.relation.uri https://www.ceeol.com/search/article-detail?id=533997
dc.subject Foreign Trade en
dc.subject Export en
dc.subject Import en
dc.subject Ukraine en
dc.subject Visegrad Countries en
dc.subject Eastern Partnership en
dc.subject Free Trade Agreement en
dc.subject DCFTA en
dc.subject European Neighbourhood Policy en
dc.description.abstract The authors consider main trends and perspectives of trade relations between Ukraine and the Visegrad countries. There has been a significant reduction in Ukraine's foreign trade in recent years due to various factors related to the complicated economic situation and the military conflict in the East of Ukraine. In such adverse conditions, a gradual reorientation of the country's import and export trade flows from the Russian Federation towards the European Union is taking place, including the Visegrad countries. Ukrainian producers aim their efforts at diversification of markets and look for new business opportunities in this regard. The results of Ukraine's export trade with the V4 countries analysis showed that the country's operations with Poland, Czech Republic and Slovak Republic were focused mainly on raw materials. There was a different situation regarding Hungary, where machine building sector export showed a sound increase. Nevertheless, the share of primary goods in Ukraine-Hungary trade increased as well. At the same time, bad economic conditions and high level of inflation in Ukraine stipulated decrese in import trade of goods, in particular, with the V4 countries. It should be noted that substantial structural changes in foreign trade between the countries have not been observed. Other changes concerned different groups of raw materials and finished products. It means that most likely the changes were situational, and they were not caused by some new strategic directions regarding export activities. Intensification of foreign trade activities is essential to overcome the crisis situation in Ukraine and promote its economic development. In the context of DCFTA and the European Neighbourhood Policy realisation, particular attention should be given to elaboration of the national trade strategy and identification of export priorities, taking into account, on the one hand, the existing potential of the country, and, on the other hand, opportunities in international trade, which could be used to the full extent. If this strategy is implemented successfully, it will allow the country to improve its economic situation and integrate more effectively into the international trade system. © Institute of Society Transformation, 2017. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007361
utb.identifier.obdid 43876601
utb.identifier.scopus 2-s2.0-85019009000
utb.identifier.wok 000404291300003
utb.source j-scopus
dc.date.accessioned 2017-09-08T12:14:45Z
dc.date.available 2017-09-08T12:14:45Z
utb.contributor.internalauthor Bilan, Yuriy
utb.fulltext.affiliation Serhiy Moroz PhD (Economics), Associate Professor, Department of Marketing and Trade, Faculty of Economics and Management, Slovak University of Agriculture in Nitra 2 Tr. A. Hlinku Str., Nitra, 949 76, Slovak Republic smorozmail@gmail.com ORCID ID: http://orcid.org/0000-0001-8136-3791 Ludmila Nagyova D.Sc. (Economics), Professor, Department of Marketing and Trade, Faculty of Economics and Management, Slovak University of Agriculture in Nitra 2 Tr. A. Hlinku Str., Nitra, 949 76, Slovak Republic ludmila.nagyova@uniag.sk ORCID ID: http://orcid.org/0000-0002-5220-2857 Yuriy Bilan D.Sc. (Economics), Research Associate, Centre of Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlin 5139 Mostni Str., Zlin, 760 01, Czech Republic yuriy_bilan@yahoo.co.uk ORCID ID: http://orcid.org/0000-0003-0268-009X Elena Horska D.Sc. (Economics), Professor, Department of Marketing and Trade, Faculty of Economics and Management, Slovak University of Agriculture in Nitra 2 Tr. A. Hlinku Str., Nitra, 949 76, Slovak Republic elena.horska@uniag.sk ORCID ID: http://orcid.org/0000-0002-4973-9573 Zuzana Polakova PhD (Economics), Associate Professor, Department of Statistics and Operations Research, Faculty of Economics and Management, Slovak University of Agriculture in Nitra 2 Tr. A. Hlinku Str., Nitra, 949 76, Slovak Republic zuzana.polakova@uniag.sk ORCID ID: http://orcid.org/0000-0003-3271-6225
utb.fulltext.dates Received 10.11.2016
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