Development trends of trade and economic relations between Ukraine and NAFTA countries

Abstract

Methods. The theoretical and methodological basis of the research is the work of domestic and foreign scientists. The results were obtained with the application of a system of methods. In particular, the methods of grouping, classification and quantitative comparisons were used in the study of the current economic condition of the NAFTA countries, the methods of structural and economic-statistical analysis were used to assess the main financial indicators of trade and economic relations between Ukraine and NAFTA countries, the graphic method was used for a visual representation of the obtained research results. Results. The article is devoted to the analysis of the main trends in the development of trade and economic relations between Ukraine and NAFTA countries. An analytical review of the current economic state of the USA, Canada and Mexico was carried out. The main drawbacks of the North American Free Trade Agreement have been revealed. The provisions of the new US-Canada-Mexico Agreement (USMCA), which was created to replace NAFTA, are characterized. The issue of economic cooperation between Ukraine and NAFTA countries was revealed. A detailed comparative analysis of the main statistical indicators regarding the development trends of Ukraine’s economic cooperation with NAFTA countries in the field of trade in goods and services was carried out. Novelty. The prospects for further development of Ukraine’s trade and economic relations with the NAFTA countries were determined. Practical value. The analysis of the dynamics of export-import operations between Ukraine and NAFTA countries makes it possible to predict the development trends of their economic relations in the future.