Ukrainian-Chinese collaboration: Prospects of development

Oleh Kratt,Maryna Bilyk,Kateryna Pryakhina,J. Váchal,J. Horák,M. Vochozka

doi:10.1051/shsconf/20173901014

Oleh Kratt, Maryna Bilyk + Show 4 more

Open Access

https://doi.org/10.1051/shsconf/20173901014

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Abstract

In article the current state of the Chinese-Ukrainian relations is analysed, the priority directions of strategic cooperation are considered. The analysis of economic development of Ukraine and China with definition of positive and negative tendencies is carried out. It is certain that there is a mutual aspiration of the parties before increase in volumes of bilateral trade, diversification of its structure, development of long-term forms of economic cooperation, deepening of investment interaction between Ukraine and China. The analysis of the study is conducted during 2010-2016 years. We have identified prospective investment sectors within the framework of cooperation between Ukraine and China - Transport Infrastructure, Agriculture, Renewable energy, Telecommunications, IT, educational sphere. The current dynamics of the trade balance between Ukraine and the People’s Republic of China, taking into account the considerable predominance of imports, requires a thorough review of trade policy measures: to improve the structure of trade, introducing new forms of trade relations, To develop the institutional framework for cooperation, To search for ways to reduce the energy intensity of export industries, To stimulate the means of tariff and non-tariff regulation of imports into Ukraine of mainly investment high-tech goods. The forecast of possible risks according to each perspective direction of development is made.

Highlights

For this time People's Republic of China is one of the world economic leaders whose value in high gear grows in many spheres of the international life
The forecast of possible risks according to each perspective direction of development is made
The Silk Road initiative gives Ukraine the technical ability to bypass the restrictions imposed by Russia on the transit of its products to the countries of Central AsiaMoreover, our country is interesting to China as a production site for further export to the EU

Summary

Introduction

For this time People's Republic of China is one of the world economic leaders whose value in high gear grows in many spheres of the international life. The certificate of it is election of national monetary unit of China - yuan - world reserve currency on the basis of which the cost of special drawing right of the IMF is calculated. The mutual understanding of these realities became the main prerequisite of formation and development of the Ukrainian-Chinese relations. The purpose of article is the research of character and the prospects of development of the modern Ukrainian-Chinese economic relations

Data and Methods

Results

Discussion and Conclusion