Features of china’s trade policy and prospects for Ukraine’s exports to people’s republic of china

Tamara Ostashko ()
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Tamara Ostashko: State Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine

European scientific journal of Economic and Financial innovation, 2018, vol. 1, 31-43

Abstract: The analysis of the structure of trade flows between Ukraine and China has shown that the most probable scenario of trade development under the Initiative of the Government of the People's Republic of China "One Belt and One Road" could be to strengthen the export orientation to raw materials and to strengthen the import dependence of Ukraine on Chinese industrial goods. The likelihood of such scenario is enhanced due to the asymmetry of the tariff regimes of Ukraine and China, which creates unequal conditions for mutual trade, which are more beneficial for China. The specifics of the Chinese trade regime lies in the dominant role of the state in shaping policies regarding imports and determines the special role of intergovernmental agreements. At the present stage, the main directions of the state policy for the development of Ukrainian agricultural exports to China is the promotion of corn exports in accordance with the 2012 loan agreement between the State Food and Cereal Corporation of Ukraine and the Export-Import Bank of China and increasing the export of soybeans, taking into account the possibility of replacing the US in the soybean import market, which has opened due to the trade disputes between the United States and China in 2017-2018. Negative trends in mutual trade also determine the need for an active state policy for promoting products of the processing industry of Ukraine to the Chinese market, primarily food and instrument-making, demand for which in the markets of the of the People's Republic of China is high

Keywords: China; the Initiative “One Belt and One Road”; trade; trade regime; exports of Ukraine (search for similar items in EconPapers)
JEL-codes: F13 F14 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:efn:journl:v:1:y:2018:p:31-43

DOI: 10.32750/2018-0104

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