Venger, V. and Ramskyi, Andrii and Romanovska, N. and Vasechko, Lyudmila (2024) Current state and prospects for expanding the export of domestic industrial products to rapidly developing countries of Asia Academy Review (1(60)). pp. 216-231. ISSN 2074-5354
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Abstract
The article analyzes the current state and prospects for expanding the export of Ukrainian industrial goods to the rapidly developing countries of Asia, in particular to Indonesia, Thailand, Bangladesh and the Philippines. It is shown that each of these countries is an important partner of Ukraine in the region of Southeast Asia with a constantly growing demand in the markets of industrial goods. Until 2022, the demand for domestic industrial products in the markets of Indonesia and Thailand had positive dynamics and ensured, albeit not significantly, an increase in the volume of exports of Ukrainian high-tech goods. Despite the positive trade balance, the demand for domestic industrial goods in Bangladesh and the Philippines until 2022 was characterized by a gradual reduction. In general, the share of domestic industrial products in the structure of exports to these countries is quite low: Indonesia – 0.7%, Thailand – 3.0%, Bangladesh – 4.3%, the Philippines – 9.9%. At the same time, the share of industrial goods of these countries in the structure of Ukrainian imports was much higher, in particular: Indonesia – 20.0%, Thailand – 82,1%, Bangladesh – 96,8% and the Philippines – 92,4. Due to the large-scale invasion of the Russian Federation in Ukraine, an assessment was made of losses in Ukraine’s trade with rapidly developing Asian countries in 2022. In particular, it is shown that The term "multipolarity" describes the process of globalization, in which the centers of influence of the modern world - the United States and the European Union face specific competitors, such as powerful regional states or coalitions of states belonging to the "second" world (we are talking about China, Japan, India) or rapidly developing countries (Indonesia, Thailand, Bangladesh and the Philippines). the volume of foreign trade turnover between Ukraine and Indonesia decreased by 39.2% compared to 2021, Thailand – by 35.3%, Bangladesh – by 48.6% and the Philippines – by 38.6%. Based on the analysis of scientific and statistical literature, it has been established that customs tariffs, various preferential regimes and benefits for industrial products under various bilateral and regional trade agreements are the defining instruments of the trade policy in the above-mentioned Asian countries. In order to further develop partnership relations between Ukraine and these countries, it is proposed to intensify and strengthen the dialogue on deepening trade and economic ties through the system of trade policy instruments. As part of further research, additional research is proposed to determine the prospects for concluding bilateral free trade agreements between individual countries and to developing a long-term strategy for trade and economic cooperation.
Item Type: | Article |
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Uncontrolled Keywords: | exports; imports; industrial products; trade policy; protection of domestic markets; customs regulation |
Subjects: | Статті у базах даних > Index Copernicus Статті у базах даних > Web of Science Статті у періодичних виданнях > Фахові (входять до переліку фахових, затверджений МОН) |
Divisions: | Факультет економіки та управління > Кафедра фінансів |
Depositing User: | професор Андрій Юрійович Рамський |
Date Deposited: | 27 Nov 2024 10:21 |
Last Modified: | 27 Nov 2024 10:21 |
URI: | https://elibrary.kubg.edu.ua/id/eprint/50389 |
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