Volodymyr Olefir – Institute for Economics and Forecasting, NAS of Ukraine, Panasa Myrnogo, 26, Kyiv, 01011, Ukraine

DOI: https://doi.org/10.31410/EMAN.2021.13


5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, March 18, 2021, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-43-1, ISSN 2683-4510

Abstract:

The benefits and costs of the implementation of the Deep and Comprehensive Free Trade Area
(DCFTA) between Ukraine and the EU have been studied. The study aimed to find out to what extent
the implementation of DCFTA has helped increase exports and attract foreign direct investment into
Ukraine’s economy. A comparison method was used to conduct the study. The period of implementation
of the DCFTA (2016-2020) was compared with the period before the implementation of the DCFTA (2010-
2014). Due to trade liberalization, exports of Ukrainian goods to the EU and imports of goods from the EU
to Ukraine have increased. Trade liberalization has not contributed to further attracting foreign direct
investment from the EU to Ukraine’s economy. The urgent task of the Government of Ukraine is to create
a business regulatory environment according to European standards and protect foreign investment.

Keywords:

Deep and Comprehensive Free Trade Area, Exports of goods, Imports of goods, Foreign direct investment, Ukraine, European Union.

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