By World Bank
ISBN-10: 0821362860
ISBN-13: 9780821362860
ISBN-10: 0821362879
ISBN-13: 9780821362877
Ukraine's exchange coverage identifies the major drivers of Ukraine's fresh exchange functionality, assesses present alternate guidelines, and proposes thoughts to reinforce the Ukraine?¦s alternate integration technique. It additionally identifies center bottlenecks within the ongoing integration procedures, together with worldwide and local integration. The research concludes that the most stumbling blocks to furthering Ukraine?¦s exchange integration are household, and relate to deficiencies within the company setting. difficulties in customs management, standardization, and administrative obstacles for brand new access require speedy awareness. The file highlights particular coverage concerns that impede WTO accession, reminiscent of exchange laws, safeguard of highbrow estate rights, executive aid for particular industries, and export regulations. It additionally recommends advancements within the constitution of Ukraine?¦s import price lists, reform of either the regime of loose monetary zones and mechanism of VAT refund, and funding in a huge improve of presidency capability for funding and export promoting. The file additionally attracts realization to the significance of the post-WTO accession time table for Ukraine. to exploit WTO club, the govt might want to adopt major institutional reforms to enforce WTO regulatory principles in ways in which facilitate integration into the realm economic climate and supply merits to personal region members.
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Additional info for Ukraine's Trade Policy: A Strategy for Integration into Global Trade (World Bank Country Study)
Sample text
This statement is confirmed by all three indicators we employed. 5. 186 *According to 3-digit SITC classification, out of 239 positions. **For 65 items exported, according to 2-digit SITC classification. Source: WITS; COMTRADE; authors’ calculations. 14. 100 1996 1997 1998 1999 2000 2001 140 2002 the Hirschmann index has been twice lower, and the export diversification index has been lower by a quarter. It is worth noting that the gap has not been closing since the mid-1990s. Export Specialization We used the Revealed Comparative Advantage index17 (RCA) to determine what goods Ukraine specializes in trading, whether Ukraine exhibits similar or different comparative advantages on the world market and two main regional markets—CIS and EU—and how the specialization patterns changed over time in 1996–2002.
In 1996, the trend had changed again: both imports and exports declined, while shares of the ROW in exports and imports noticeably increased through 1999 (by 24 percentage points and 6 percentage points respectively). ■ Since 2000, exports and imports have been growing rapidly. In 1999–2003, total merchandise exports increased by about 100 percent. The CIS’ share has further declined in imports, while it has remained almost unchanged in exports. As a result, in 2003, merchandise exports and imports were still about 70 percent lower than in 1990.
Machinery and equipment and vehicles accounted for 23 percent of the total. The agro-food sector’s imports made up almost 10 percent, while chemicals accounted for 8 percent. It is worth noting, however, that in 2003 agricultural imports were higher than usual because of the poor harvest. , 2000–01), the share of the agro-food sector in imports did not exceed 6 percent. There had been noticeable changes in the commodity structure of imports. The share of mineral products declined by 13 percentage points from one-half of total imports in 1996.