Foreign trade aspects of safe functioning of Ukraine’s chemical industry
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2016, Vol 4, Issue
Abstract
The research outlines common trends of development and export potential of Ukraine’s chemical industry. It is concluded that the main exports of Ukraine’s chemical industry are inorganic chemical products and fertilizers. It is also indicated that traditionally the major imports of the chemical industry are polymers, plastics and pharmaceuticals. The state of the domestic and foreign markets of the chemical industry is analyzed, and a set of perspectives for the growth of the domestic market is proposed. The article characterizes the consequences of signing the Association Agreement between Ukraine and the European Union and some threats that the industry is facing. The impact of foreign economic rela-tions on the growth of the industry is defined. The author determines priorities of national economic strategy aimed at the growth of export potential of the chemical industry in the face of foreign threats and deactivation of the domestic market. It is found that the most serious threats to foreign trade activities of Ukraine’s manufacturers and consumers of chemical products are caused by trade wars initiated by the Russian Federation in 2015–2016.
Authors and Affiliations
Taras Vlasiuk
Keywords
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