FOREIGN TRADE RELATIONS OF UKRAINE WITH GERMANY

L. Khomutenko,

Sumy State University,
Sumy, Ukraine

V. Syzonenko

Sumy State University,
Sumy, Ukraine


Pages: 188-194


Original language: Ukrainian

DOI: 10.21272/1817-9215.2021.1-21

Summary:

The article considers the peculiarities of Ukraine’s foreign economic relations with Germany; basic principles of formation and development of foreign trade relations between Ukraine and the Federal Republic of Germany. The structures of export and import of goods and services are analyzed. Problems and prospects of cooperation between the countries are revealed, and also ways of improvement of cooperation between Ukraine and Germany are outlined. The problems of trade structure in Ukrainian-German relations are analyzed. The economic conditions of long-term cooperation in foreign trade relations between the countries are revealed. The dynamics of goods and services in the foreign trade relations of Ukraine with the Federal Republic of Germany is studied. The purpose of the study is to analyze Ukraine's foreign economic relations with Germany; features of export-import and investment activity of Ukraine and Germany. The ways of solving the main problems in foreign economic relations between Ukraine and the Federal Republic of Germany are considered and offered.

Foreign trade occupies a leading place in the system of international relations, because with the effective use of the whole complex of modern forms and methods of international economic relations can influence the technical improvement of production, increase productivity and quality of products. The exchange of goods and services at the international level is a prerequisite, consequence and cause of the international division of labor. In addition, foreign trade is a major factor in ensuring the stable functioning of the world economy. That is, in the context of globalization of economic activity for many countries relevant from a theoretical and practical point of view is the study and scientific justification of promising and new areas and forms of their foreign economic relations. For countries transitioning from closed national economies to open-minded economies such as Ukraine, such studies are particularly relevant.

Keywords:
foreign economic relations, export, import, trade, foreign trade.

Reference:
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2. German-Ukrainian economic relations. Embassy of the Federal Republic of Germany Kyiv. URL: https://kiew.diplo.de/ua-uk/themen/wirtschaft/-/1335924?openAccordionId=item-1250148-0-panel (access date: 09.05.2021).
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