ТОРГОВЕЛЬНО-ІНВЕСТИЦІЙНЕ СПІВРОБІТНИЦТВО УКРАЇНИ ТА ВЕЛИКОЇ БРИТАНІЇ

Abstract

Current trade and investment cooperation between Ukraine and Great Britain is article analyzed in the paper. It is determined that the countries are the important partners and have a long history of trade and investment rellatioms. After Brexit, Great Britain started trade negotiations with the EU and other states in order to sign new trade agreements. Thus, the Political, Free Trade and Strategic Partnership Agreement between Ukraine and the United Kingdom of Great Britain and Northern Ireland was signed. The general principles of bilateral cooperation and partnership in the new Agreement is of strategic and practical importance. It has been proven that the signing of the agreement resulted in an increase of the import of goods of British origin to Ukraine and the import of goods of Ukrainian origin to Britain, i.e., there was an increase in the volume of export-import operations of Ukraine with Great Britain. Accordingly, the negative trade balance of Ukraine with Great Britain decreased. It was determined that Great Britain actively supports Ukraine in its resistance to Russian military aggression. In particular, the country applied a zero rate of import duty on all goods of Ukrainian origin and canceled all tariff quotas. The next stage to the intensification of mutual cooperation was the signing of Agreement on digital trade between Ukraine and the United Kingdom of Great Britain and Northern Ireland. The agreement is a legal foundation for greater development of the digital economy from e-commerce to cyber security, trade in digital products and services between Ukraine and Great Britain. The agreement is expected to support the economy of Ukraine and significantly improve trade and investment relations between the countries. According to the agreement, Ukraine will have guaranteed access to financial services important for recovery, thanks to the simplification of cross-border data flows. Ukrainian enterprises will also be able to trade with Great Britain more efficiently and cheaply with the help of electronic transactions, electronic signatures and electronic contracts. It has been established that in terms of the volume of accumulated direct investments in recent years, Great Britain is the seventh largest investor in the Ukrainian economy.