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MODERN ASPECTS OF THE INTERNATIONAL TRADE’S IN SERVICES LIBERALIZATION

Journal: International Journal of Economics and Society (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 280-283

Keywords : international trade; services; liberalization; regional trade agreements; Ukraine; dynamics; WTO; integration;

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Abstract

The problem of international trade’s in services regulation and liberalization trends identified in the article. The importance of regulatory tool in the current development of the world economy is discovered. The role of regional trade agreements as instrument of the deeper integration of economies into the world economy is analyzed. The main trends of regional trade agreements in the service sector compared with the international commodity trade are determined. The effects of Ukraine’s services trade liberalization after accession to the WTO are analyzed. The main indicators of the Ukraine's foreign trade in services dynamics according to the dates of foreign trade balance of services are determined. The conclusion that membership in the WTO and, consequently, the liberalization of services creates positive conditions for the implementation of Ukraine's potential in this area is made. The specialties of Ukraine's participation in the regional trade agreements are determined. The conclusion about Ukraine's participation in the Free Trade Agreements (FTA), Customs Union (CU), Preferential Trade Agreements (PTA), and Economic Integration Agreements (EIA) shows the direction of Ukraine's further integration into the world economy.

Last modified: 2015-09-19 05:29:52