Abstract
This article examines the foreign economic relations of Ukraine and the African continent in the field of trade in goods. The dynamics and commodity structure of trade with Africa are studied, the main aspects of cooperation in this direction are highlighted. The study revealed the rapid development of the countries of the continent: there is population growth and GDP growth. Despite such positive growth rates of the above indicators, a very serious problem for Africa is the provision of food products, the need for which has always existed, and is now exacerbated as a result of rapid population growth and effective demand. With insufficient domestic food production in the countries of the continent, the food problem is solved by imports, the scale of which is quite significant. Based on the fact that foreign trade operations today play an important role in the economy of our country, the forecast of export indicators for the coming years was made on the basis of previous ones. Of particular importance is foreign trade against the background of ever-increasing economic and technological imbalances, increasing the impact of non-economic factors on global processes, the gradual slowdown in economic growth in leading economies. This actualizes the expediency of revising the vectors of cooperation in Ukraine's foreign trade. The article presents the commodity structure of trade with these countries, analyzing the conclusions about the importance of this area of trade cooperation. The main crops that make Ukraine one of the world leaders are cereals and fodder crops, including wheat, corn, barley, sunflower, sugar beet, tobacco, legumes, fruits and vegetables. Possible options for establishing ties and practical recommendations for improving cooperation between Ukraine and the countries of the African continent are given. Today and in the future, the African continent is one of the main importers of agricultural products, which allows Ukraine, as an exporting country, to realize its potential in increasing exports. An analysis of recent years indicates that Africa is one of the leading exporters of Ukrainian products. At the same time, Africa is experiencing rapid economic and social development, which gives grounds for increasing cooperation with the continent.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.