Problematic aspects of euro integration process of Ukraine's agro-industrial complex

  • Volodymyr Studinski Kiev National University of Trade and Economics
  • Kateryna Romanchuk Kiev National University of Trade and Economics
Keywords: European integration, European Union, farms, agrarian sector, European integration processes, government regulation, government support, agriculture

Abstract

The purpose of the article is to identify the main advantages and risks for domestic agricultural producers in the process of integration into European space and to assess their impact on the development of the domestic agricultural sector. The proposed article analyzes the prospects and risks of integration of domestic agricultural enterprises into world economy. Special attention is focused on the export and import of agricultural products and the achievement of Ukraine in the field of agro-industrial complex. An estimation of foreign economic activity of agrarian enterprises of Ukraine is conducted. The implications of the implementation of the Association Agreement between Ukraine and the EU for various sectors of the economy of Ukraine, and most especially for the agrarian sector, are assessed and analyzed. The potential benefits of signing the Comprehensive Free Trade Area Agreement for the development of the agrarian sector have been explored. Perspectives are considered and risks of European integration for agrarian enterprises and development of rural territories are analyzed. It is established that European integration for Ukraine is a way to modernize the domestic agricultural production, attract foreign investments and new technologies, increase the competitiveness of products, obtain financial resources for the development of the economy. Conclusions. Thus, the Ukrainian agro-industrial complex has a serious economic potential which allows it to be in a positive dynamics and has good prospects of integration into the European space. At the same time, this process should fit into the overall context of reforms and sectoral changes in Ukraine's economy. Alongside with it, the state plays an important role in the regulatory processes of managing the economy in general and the agrarian sector in particular.

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Author Biographies

Volodymyr Studinski, Kiev National University of Trade and Economics

Studinski Volodymyr, Ph.D. in Economical Science, D. in Historical Science, Professor

Kateryna Romanchuk, Kiev National University of Trade and Economics

Romanchuk Kateryna, 3rd year student of the Faculty of International Trade and Law, specialty foreign trade management

Published
2018-11-27
How to Cite
Studinski, V., & Romanchuk, K. (2018). Problematic aspects of euro integration process of Ukraine’s agro-industrial complex. University Economic Bulletin, (39), 113-121. https://doi.org/10.31470/2306-546X-2018-39-113-121
Section
Еconomic Theory