{"id":11843,"date":"2019-07-12T12:00:57","date_gmt":"2019-07-12T09:00:57","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=11843"},"modified":"2019-07-15T12:19:12","modified_gmt":"2019-07-15T09:19:12","slug":"complementarity-of-trade-between-ukraine","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/complementarity-of-trade-between-ukraine\/","title":{"rendered":"Vlasenko L., Kateryna K., Complementarity of Trade between Ukraine and the People\u2019s Republic of China as an Indicator of the Effectiveness of Bilateral Cooperation"},"content":{"rendered":"

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JEL<\/strong> Classification:<\/strong> F10, F17, F19.<\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V15(2019)-08<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Vlasenko Lev<\/strong>, Ph.D (Economics), Assistant Professor of International Economic Relations Department, Zaporizhzhya Institute of Economics and Information Technologies (ZIEIT), Zaporizhzhya, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0002-7723-1734<\/a>
\ne-mail<\/strong>: katenka.kravec@gmail.com<\/a><\/p>\n

Kateryna Kravets, Student of Economic Faculty, Zaporizhzhya Institute of Economics and Information Technologies (ZIEIT), Zaporizhzhya, Ukraine<\/p>\n

ORCID ID<\/strong>: 0000-0002-6910-8912<\/a>
\ne-mail<\/strong>: yevgeniyhyrchenko8@gmail.com<\/a><\/p>\n

Complementarity of Trade between Ukraine and the People\u2019s Republic of China as an Indicator of the Effectiveness of Bilateral Cooperation<\/span><\/h2>\n

 <\/p>\n

Introduction<\/strong>. The People\u2019s Republic of China is Ukraine\u2019s major trade partner in the Asia-Pacific region and its second global trade partner after the Russian Federation. To understand the existing level of bilateral trade and its efficiency and impact on Ukrainian economy, it is necessary to utilize not only quantitative parameters but also analytical indicators of external trade, such as the comparison of trade patterns, in order to determine the level of consistency of trade and the prospects of possible cooperation.<\/p>\n

Purpose<\/strong>. To analyze the status of contemporary bilateral trade cooperation between Ukraine and China, to measure the consistency of Ukrainian-Chinese trade by using the direct and reversed trade complementarity indexes, and to determine the role and position of China among Ukraine\u2019s major trade partners in the Asia-Pacific region.<\/p>\n

Results<\/strong>. Quantitative analysis of commodities trade was conducted. General trends of trade between Ukraine and the China were outlined. The result of the calculation of direct and reversed trade complementarity indexes were used to provide valuable insight into the possible prospects of bilateral trade, and problems and threats to economic security were uncovered due to the changes in trade patterns of Ukraine by comparing them to the respective parameters of partners in the Asia-Pacific region.<\/p>\n

Conclusion<\/strong>. The trade between Ukraine and China is growing steadily despite negative trends in the Ukrainian economy. However, the structure and quality of trade are decreasing, and the gap between Ukrainian exports to China and imports from China to Ukraine is constantly growing. It is evident that China is becoming a competitor to Ukraine on the global market and is less interested in Ukrainian exports. Possible actions to prevent and avoid severe competition and improve trade relations were proposed.<\/p>\n

Keywords<\/strong>: international trade; bilateral trade; Ukraine-China trade; trade complementarity index.<\/p>\n

References:<\/strong><\/p>\n

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  1. Pearlman, (1999). Participation by private counsel in World Trade Organization dispute settlement proceedings. Law and Policy in International Business<\/em>, 30(2), 399-415.<\/li>\n
  2. Mikic, M. & Gilbert, J. (2007). Trade Statistics in Policymaking: A Handbook of Commonly Used Trade Indices and Indicators<\/em>. Bangkok United: Nations ESCAP.<\/li>\n
  3. Gong, X. & Gu, C. (2011). Study on Trade of Complementarity among Xinjiang and Its Neighboring Countries. Asian Social Science<\/em>,<\/em> 7(1), 128-132.<\/li>\n
  4. Mokii, I., Naumenko, N.S., Enverov R.R. (2010). Conceptual basis for a strategic partnership between Ukraine and the Turkish Republic. Problemy i perspektivy razvitiya sotrudnichestva mezhdu stranami Yugo-Vostochnoj Evropy v ramkax Chernomorskogo ekonomicheskogo sotrudnichestva i GUAM<\/em>, 19-24 [in Ukrainian].<\/li>\n
  5. Makohin, Z. Y. (2011). Impact of the complementarity index on the dynamics of foreign trade between Ukraine and China. Problemi p<\/em>\u0456<\/em>slyakrizovo<\/em>\u0457<\/em> ekonom<\/em>\u0456<\/em>chno<\/em>\u0457<\/em> pol<\/em>\u0456<\/em>tiki v Ukra<\/em>\u0457<\/em>n<\/em>\u0456<\/em> : tezi dop. nauk. konf. profesorsko-vikladackogo skladu <\/em>\u0456<\/em> asp<\/em>\u0456<\/em>rant<\/em>\u0456<\/em>v navch. nauk. kompleksu \u201cAkadem<\/em>\u0456<\/em>ya\u201d<\/em> [Problems of post-crisis economic policy in Ukraine: theses of scientific conference for professors and postgraduate students], Problemi p\u0456slyakrizovo\u0457 ekonom\u0456chno\u0457 pol\u0456tiki v Ukra\u0457n\u0456 [Problems of post-crisis economic policy in Ukraine]. Lviv: Lviv University of Trade and Economics, 72. [in Ukrainian].<\/li>\n
  6. World Bank (2018). Official web-site. Retrieved from http:\/\/www.worldbank.org\/<\/li>\n
  7. State Statistics Service of Ukraine (2018). Official web-site. Retrieved from: http:\/\/www.ukrstat.gov.ua<\/li>\n
  8. International trade center (2018). Official web-site. Retrieved from: http:\/\/www.trademap.org<\/li>\n
  9. World steel association (2018). Official web-site. Retrieved from: http:\/\/www.worldsteel.org<\/li>\n
  10. Brun, L. (2016). Overcapacity in Steel. China\u2019s Role in a Global Problem<\/em>. Washington, D.C.: Center on Globalization, Governance & Competitiveness, Duke University.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 31 May 2019<\/p>\n

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    Vlasenko L., Kateryna K. (2019). Complementarity of Trade between Ukraine and the People\u2019s Republic of China as an Indicator of the Effectiveness of Bilateral Cooperation. Modern Economics<\/em>, 15(2019), 57-61. DOI: https:\/\/doi.org\/10.31521\/modecon.V15(2019)-08.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    <\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] JEL Classification: F10, F17, F19. DOI: https:\/\/doi.org\/10.31521\/modecon.V15(2019)-08 [\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text] Vlasenko Lev, Ph.D (Economics), Assistant Professor of International Economic Relations Department, Zaporizhzhya Institute of Economics and Information Technologies (ZIEIT), Zaporizhzhya, Ukraine ORCID ID: 0000-0002-7723-1734 e-mail: katenka.kravec@gmail.com Kateryna Kravets, Student of Economic Faculty, Zaporizhzhya Institute of Economics and Information Technologies (ZIEIT), Zaporizhzhya, Ukraine ORCID ID: 0000-0002-6910-8912 e-mail:
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