Ukraine's Trade Policy : A Strategy for Integration into Global Trade
This publication identifies the key drivers of Ukraine's recent trade performance, assesses current trade policies, and proposes recommendations to strengthen the Ukraine's trade integration strategy. It also identifies core bottlenecks i...
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Language: | English en_US |
Published: |
Washington, DC
2012
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Online Access: | http://documents.worldbank.org/curated/en/2005/06/6427460/ukraines-trade-policy-strategy-integration-global-trade http://hdl.handle.net/10986/7431 |
Summary: | This publication identifies the key
drivers of Ukraine's recent trade performance, assesses
current trade policies, and proposes recommendations to
strengthen the Ukraine's trade integration strategy. It
also identifies core bottlenecks in the ongoing integration
processes, including global and regional integration. The
study concludes that the main obstacles to furthering
Ukraine's trade integration are domestic, and relate to
deficiencies in the business environment. Problems in
customs administration, standardization, and administrative
barriers for new entry require immediate attention. The
report highlights specific policy issues that hamper World
Trade Organization (WTO) accession, such as trade
legislation, protection of intellectual property rights,
government support for specific industries, and export
restrictions. It also recommends improvements in the
structure of Ukraine's import tariffs, reform of both
the regime of free economic zones and mechanism of the
value-added tax (VAT) refund, and investment in a major
upgrade of government capacity for investment and export
promotion. The report also draws attention to the importance
of the post-WTO accession agenda for Ukraine. To take
advantage of WTO membership, the Government will need to
undertake significant institutional reforms to implement WTO
regulatory rules in ways that facilitate integration into
the world economy and provide benefits to private sector participants. |
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