Implementation of foreign trade activities between Ukraine and the EU under global challenges: economic and legal aspect

Abstract

Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. EU Member States speak and negotiate collectively, both in the World Trade Organization, where the rules of international trade are agreed and enforced, and with individual trading partners. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. This is even more important in a globalised world in which economies tend to cluster together in regional groups.
The openness of the EU's trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe.
Trade is an important indicator of Europe’s prosperity and place in the world. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells. The EU trade policy is one of the main pillars of the EU’s relations with the rest of the world.
Recent trends in development of Ukraine-EU foreign trade in light of global challenges are highlighted and the proposals for legislative improvement for such activities are provided by the authors.
The study was performed within implementation of the EU-funded Programme Erasmus+ Jean Monnet project “Free Movement of Goods, Services and People: EU Experience for Ukraine” 101127358 – FREEGOOD – ERASMUS-JMO-2023-HEI-TCH-RSCH
Funded by the European Union. Views and opinions expressed are however those of the authors only and do not necessarily reflect those of the European Union or the European Education and Culture Executive Agency (EACEA). Neither the European Union nor EACEA can be held responsible for them.