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Ukraine’s Approach to Regional Integration Efforts: WTO, FTA with EU and FTA with CIS countries

Ukraine’s Approach to Regional Integration Efforts: WTO, FTA with EU and FTA with CIS countries. Igor Burakovsky, Institute for Economic Research and Police Consulting Athens, 23-24 February , 200 9. How to Integrate into the World Economy.

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Ukraine’s Approach to Regional Integration Efforts: WTO, FTA with EU and FTA with CIS countries

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  1. Ukraine’s Approach to Regional Integration Efforts: WTO, FTA with EU and FTA with CIS countries Igor Burakovsky, Institute for Economic Research and Police Consulting Athens, 23-24 February, 2009 www.ier.kiev.ua

  2. How to Integrate into the World Economy Basic ways of Ukraine’s integration into the world economy (as well as for any other country): 1) Through flows of goods, services, capital, labour force and technologies (determined by the level of economic development of the country as such) 2) Through institutions (depends upon the policy of the country towards different international political and economic structures) www.ier.kiev.ua

  3. 20 Most Globalized Countries: Economic Dimension www.ier.kiev.ua

  4. Integration and Competitiveness Ukraine – 72nd rank (out of 134 countries) World Economic Forum, 2008-2009 Ukraine – 54th rank (out of 55 countries) Institute for Management Development, 2008 www.ier.kiev.ua

  5. Ukraine Foreign Trade: Export (mln USD) Source: State Statistics Committee www.ier.kiev.ua

  6. Ukraine Foreign Trade: Import, 2008Source: State Statistics Committee Source: State Statistics Committee www.ier.kiev.ua

  7. Ukraine’s Foreign Trade • More or less equal distribution of trade flows among major geographical partners • Russia still the biggest partner • Fundamental trade reorientation ahead or…? • Crisis and changes in trade structure • Structural changes will determine Ukraine's trade commodity and geographical structure www.ier.kiev.ua

  8. WTO: accession process successfully completed 1993:Intention to join WTO declared 2008:Ukraine became 152nd member of WTO From 2008 onwards:difficult road of implementation of commitments and “mastering” WTO as a policy tool Crisis as a source of protectionist mood www.ier.kiev.ua

  9. Ukraine’s Commitments Market access for goods and services, export restrictions, pricingpolicies, trading rights,fees and charges forservices rendered, internal taxes (VAT andexcise tax), customs valuation and customs formalities, industrial policy and subsidies, technical barriers to trade, intellectual property protection,sanitaryand phytosanitary measures, TRIMs , etc. www.ier.kiev.ua

  10. WTO: General Regulatory Framework • Liberalization of trade regime; • Changes of national regulatory regime: introduction of internationally recognized principles, tools and mechanisms; • Promoting internal reforms in various fields of economic policies; Conclusion: changes of “universal” or “general” nature in trade and trade related policies www.ier.kiev.ua

  11. Ukraine - CIS: Free Trade Arrangements CIS Free Trade Agreement: signed but has to be implemented yet Ukraine ratified CIS FTA Single Economic Space Agreement: intention to have Free Trade Agreement declared Bilateral Free Trade Agreements among CIS countries GUAM (Georgia, Ukraine, Azerbaijan, Moldova) intention to have Free Trade Agreement declared FTA withFormer Yugoslav Republic of Macedonia www.ier.kiev.ua

  12. Free Trade Arrangements among CIS countries: • Trade liberalization • Customs procedures • No specific institutional provisions • No legal approximation envisaged Conclusion: trade with some exemptions without any reform commitments www.ier.kiev.ua

  13. Ukraine – EU: Some Basic Arrangements in Historic Perspective Agreement on Trade in Textile Products (signed in 1993) Agreement on setting up a Contact Group on Coal and Steel (signed in 1994); Partnership and Cooperation Agreement (signed in 1994); Agreement on Trade in Certain Steel Products (signed in 1997, August 2005); Agreement for Cooperation between the European Atomic Energy Community and the Cabinet of Ministers of Ukraine in the Field of Controlled Nuclear Fusion (signed in 1999). Since 1 January 1993 - beneficiary of the Generalized Scheme of Preferences (GSP). www.ier.kiev.ua

  14. Ukraine - EU: Way Ahead Negotiations on Association Agreement (with no membership perspective?) Negotiations on Deep Free Trade Agreement (FTA+) What exactly FTA-plus means? FTA with EU: legal approximation and trade liberalization www.ier.kiev.ua

  15. Integration with EU The choice of the European integration option reflects commitment to introduce rules and standards that have already been implemented in the region. Today it is clear that the perspective of EU accession can generate deeper domestic reforms than different regional projects in the CIS region. But both could provide a significant boost to reform by providing incentives for more liberal trade policies and better economic governance. Under certain circumstances even rapprochement with the CIS could be regarded as a movement towards the EU – for instance if universally recognized WTO rules and regulations are introduced within the CIS www.ier.kiev.ua

  16. Thank you! www.ier.kiev.ua

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