TRADE FACILITATION AND ECONOMIC DEVELOPMENT: COOPERATION BETWEEN UKRAINE AND THE COUNTRIES OF NORTH AMERICA

Abstract

The article substantiates the expediency of trade facilitation between Ukraine and the countries of North America. This is a recent problem for Ukraine as the country affected by geopolitical risks. One of the solutions, needed in order to materialize the national economic interests and to defend the state sovereignty, is to enhance partnership with the countries of North America which are acknowledged leaders of the global economy. The purpose of this article is to justify recommendations related to development and implementation of trade and economic cooperation between Ukraine and the countries of North America. The main issue is the development of cooperation under the protective trade policy of the USA and Canada. Using the GTAP model, the article provides several scenarios of trade and economic cooperation with the purpose of choosing the best one. The article also corroborates and offers focus areas and tools to improve trade relations between the countries.