CONSEQUENCES OF THE IMPLEMENTATION OF UKRAINE'S FTAA WITH THE EU FOR INTERNATIONAL TRADE

Abstract

The purpose of this article is to determine the specifics of the implementation of the FTAA + EU and the impact on trade sectors of the Ukrainian economy. The methodological base of the study is a combination of theoretical generalization, quantitative analysis, comparison, systematization, to identify opportunities and challenges from deepening integration with the EU for the development of Ukraine. Aspects of reforms and changes, according to the standards and requirements of the European community, are considered. It is emphasized that the adaptation reforms are carried out in three directions: export-import conditions, technical aspects and legal provisions. Each of these directions contains separate terms and conditions for aspects of international trade. The analysis identified key risks for the process of reforms and changes. Deepening Ukraine's integration into European society requires overcoming the country's development lag in various spheres of the economy, especially the harmonization of foreign trade processes and strengthening of positions on the world stage. Based on the analysis of the consequences of the implementation of the FTAA for the trade of Ukraine, key risks have been identified, such as: the need to change the assortment of exports, correcting asymmetries in the field of tariffs and duties (partially already done as of May 2022), the need to introduce tougher measures against corruption. A more detailed analysis of the implementation of the FTAA by sectors and players of the economy, where the term of influence is taken into account, is the basis for the development of international partnership policies and programs. With most changes in people's lives, which will even lead to an obvious positive in the future, the process of their implementation also has negative consequences. First of all, a significant result of radical transformations (accession to the EU, deepening of FTAFTA ties) will be achieved in the near future, and the work to achieve it requires urgent and large expenses.