AGREEMENT ON ASSOCIATION OF UKRAINE AND THE EU: ECONOMIC AND INSTITUTIONAL PERSPECTIVES

Abstract

In the article the conditions of performance, implementation and institutional and economic perspectives of the agreement on association of Ukraine and the EU are considered. The analysis of the economic, political and social factors that contribute to the mutually beneficial cooperation between Ukraine and the EU is provided.

On the basis of studies of the effectiveness of institutions functioning, the condition of social and demographic structure of the society indicated a slowdown in the pace of market reforms in Ukraine is indicated. Applying the methodology of comparative analysis of the benefits and risks of the contract allowed to determine the attractiveness of the institutional and economic cooperation within the European vector of development.

There is indication of a slow adaptation of national legislation to a regulatory-legal framework of the EU. The potential threats identified and defined by an increase in economic risks caused by economic situation are the recession in many countries of the euro zone, bank risks associated with the deterioration of the operating environment in Ukraine, as well as the loss of the industrial potential due to the conflict in the South East of the country.

The economic and institutional prospects are identified for the implementation of the agreement on the association of Ukraine and the EU. The creation of an institutional mechanism is justified to protect the rights of economic agents and consumers. As a form of stimulation of mutual trade, state policy of give-and-take on favour of the EU countries is suggested, including the liberalization of the trade regime and the use of tariff quotas, harmonization of legislation and procedures in the field of technical barriers to trade.

The new priorities of international policy in the sphere of the European integration are proposed.