Methodological Approach to Evaluating the Potential of Under-Served Markets within the Framework of Canada-Ukraine Free Trade Agreement
Serpukhov M. Y.

Serpukhov, Maksym Yu. (2019) “Methodological Approach to Evaluating the Potential of Under-Served Markets within the Framework of Canada-Ukraine Free Trade Agreement.” The Problems of Economy 3:5–10.
https://doi.org/10.32983/2222-0712-2019-3-5-10

Section: World economy and international relations

UDC 339.5

Abstract:
The article analyzes the state of mutual trade between Ukraine and Canada before and after their entering into Canada-Ukraine Free Trade Agreement. The results of the operation of the free trade zone between Ukraine and Canada in terms of commodity groups and trade relations between the countries are analyzed. A study of the import structure of Canada and the export opportunities of Ukraine is carried out. Using statistical data, the results of testing a methodological approach to evaluating the potential of under-served markets within the framework of the Free Trade Agreement are presented. A methodological approach that allows to assess different aspects of the impact of free trade on the country’s export activity is proposed and commodity items that have a potential for growth in the bilateral trade are determined. Conclusions on the intensification of trade between the countries are drawn; proposals for improving the export structure of Ukraine are presented; commodity groups due to which Ukrainian producers can increase a potential for export growth are identified.

Keywords: under-served markets, potential sales markets, exports, import substitution, trade barriers, protectionism, international trade, free trade agreement.

Fig.: 3. Tabl.: 4. Bibl.: 9.

Serpukhov Maksym Yu. – Candidate of Sciences (Economics), Associate Professor, Department of International Economics and Management of Foreign Economic Activity, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: maximserpuhov@gmail.com

List of references in article

“Uhoda pro Pohlyblenu ta vseokhopliuiuchu zonu vilnoi torhivli (PVZVT)“ [ENGLISH_UA Угода про Поглиблену та всеохоплюючу зону вільної торгівлі (ПВЗВТ)]. https://www.kmu.gov.ua/ua/diyalnist/yevropejska-integraciya/ugoda-pro-asociacyu.
“Uhoda pro vilnu torhivliu mizh Ukrainoiu ta Kanadoiu“ [ENGLISH_UA Угода про вільну торгівлю між Україною та Канадою]. https://zakon5.rada.gov.ua/laws/show/en/124_052-16.
Deardorff, A., Quy-Toan, D., and Levchenko, A. “Trade Policy and Redistribution when Preferences are Non-Homothetic“Economics Letters vol. 155 (2017): 92-95.
Mansfield, E.D., and Pevehouse, J.C.W. “The expansion of preferential trading arrangements International“Studies Quarterly vol. 57, no. 3 (2013): 592-604.
Shvorak, L. O. “Modalnosti uchasti Ukrainy u suchasnykh intehratsiinykh protsesakh“ [ENGLISH_UA Модальності участі України у сучасних інтеграційних процесах]. http://journals.iir.kiev.ua/index.php/apmv/article/download/2826/2534.
Balezhentis, A., and Yatsenko, O. “Asymetrii torhovelnoi intehratsii Ukrainy ta IES“ [ENGLISH_UA Асиметрії торговельної інтеграції України та ЄС]. http://iepjournal.com/journals/28/2018_2_Basenentius_Yatsenko.pdf.
Tradingeconomics. https://tradingeconomics.com/.
Derzhavna sluzhba statystyky Ukrainy. http://ukrstat.gov.ua.
“Pro skhvalennia Eksportnoi stratehii Ukrainy («dorozhnyoi karty» stratehichnoho rozvytku torhivli) na 2017-2021 roky“ [ENGLISH_UA Про схвалення Експортної стратегії України («дорожньої карти» стратегічного розвитку торгівлі) на 2017-2021 роки]. Derzhavna sluzhba statystyky Ukrainy. https://www.kmu.gov.ua/ua/npas/pro-shvalennya-eksportnoyi-strategiyi-ukrayini-dorozhnoyi-karti-strategichnogo-rozvitku-torgivli-na-20172021-roki.