Opportunities and Hazards Posed by the Membership of Ukraine in the WTO for the Metallurgical Industry of the Economy in the Context of Collaboration with the Countries of the EU and the EurAsEC Customs Union
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 3
Abstract
The article establishes that in 2012 the metallurgical industry remained one of the leading industries of Ukraine (accounting for 16% of the industrial production volume and 27.5% of goods export), its scale and importance for the economy of the country reduced after entering the WTO. Evidence is given that the period of 2007-2012 witnessed reduction in the volume of metallurgical output exported from Ukraine both by volume and by value: in 2012 compared with 2007 the share of metallurgic output in Ukraine dropped both in terms of export (1.53 times) and import (1.26 times). Data are provided showing that metallurgical output exported from Ukraine has significantly lower value added than the same imported, and prevalence of the import price over the export price shows a negative growing trend. It is proven that after entering the WTO there generally was a significant decrease in the tariff rates and liberalization of access to world markets for Ukrainian output, simultaneously the domestic market of Ukraine became more open for imported products. It is demonstrated that after entering the WTO the share of Ukrainian metallurgical output exported to third countries which are not members of the EU and the CU in total exports (by value), increased by 1.4% in 2012 compared with 2007, which means that reorientation towards trade with other countries is taking place. The conducted analysis shows that the period of 2007-2012 witnessed reduction in the production output of principal types of metallurgical products, since imbalance in production capacities and the range of manufactured products contributed to an increase in the dependency of the industry on import and its export orientation with growing home market capacity, and due to the low technology level of domestic production and low competitiveness, enterprises of the industry are losing both foreign and domestic markets. The proposed forecast shows that in 2014 surplus capacities on the world metallurgical output market and intense competition will have their effect, yet demand can increase due to recovery of the Eurozone economy, as well as stabilization and growth on North American markets.
Authors and Affiliations
Mykola Kyzym, Volodymyr Shpilevskyi, Viktoriia Khaustova, Serhii Antonenko, Igor Matyushenko
Keywords
Related Articles
- EP ID EP147736
- DOI -
- Views 108
- Downloads 0
Scientific and methodical foundations of accounting and analytical provisions of profit administration in a company
The article considers organisation of accounting and analytical provisions on principles of strategic approaches. It systemises objects of accounting on the basis of its functional directions for perfection of profit adm...
Forming the Priorities of Non-Traditional Renewable Energy Technologies in Ukraine from the Position of their Life Cycle the Analysis
The mechanism for the formation of priorities regarding non-traditional renewable energy technologies by understanding the complex of ecological and technogenic as well as socio-economic cooperation has been offered. The...
Evaluating Competitiveness of Faculties of Higher Educational Establishments in Slovakia
The problem of competitiveness of higher education, efficiency of its functioning and training graduates of higher educational establishments according to the current and future needs of the market are among the key issu...
Company infrastructure management system
The article studies the content, structure and methods of organisational influence upon the company infrastructure. It offers definition of the company infrastructure from the point of view of a complex approach and also...
Problems and Features of the Securities Market in Ukraine
Problems and peculiarities of the securities market in Ukraine were investigated. It was proposed to determine the level of financial support for the operation of the securities market on such components: financial capac...