Global dominants of chinese trade policy development: Opportunities and threats for cooperation with Ukraine

Abstract

Growth of PRC’s influence as a leading trade country has consequences for its trading partners; at the same time, over the past years China has become one of Ukraine’s major trading partners. Studying current specificities of the countries’ bilateral trade, opportunities and threats relating to it, developmental perspectives of trade-economic cooperation between Ukraine and PRC therefore certainly warrents further research. This article’s aim is to study specificities of trade-economic cooperation between Ukraine and PRC; to ascertain dependence between national economic growth and the export to China; and to define strategic tasks of the countries’ cooperation for the time period until 2030. The main factors which influence strategic development of partner economic relations between Ukraine and China are determined on the basis of SWOT-analysis. A significance of China as a trade partner of Ukraine is defined and institutional basis for their trade relations is described. Direct dependence between trade turnover and gross domestic product of the countries is determined on the basis of modeled data using empiric gravitation model tools. Prospective directions of trade-economic relations are defined.