PROTECTIONISM SOURCES OF TRADE DISPUTES WITHIN INTERNATIONAL ECONOMIC RELATIONS

Abstract

Peculiarities of modern intercountry trade disputes and their subject-object characteristics, protectionist methods due to the COVID-19 pandemic have been studied in the article. The purpose of the article is to study the features and tools for the implementation of modern interstate trade disputes in the context of strengthening protectionist policies and the spread of the COVID-19 crisis. The research methodology is presented by historical and logical method, statistics and graphic methods, comparative method, correlation regression method, forecasting method, method of theoretical generalization have been used in the article. Dominance and detecting protectionism policy within the process of protecting national markets of goods from international competition have been highlighted and manifestation form of protectionism actions has been defined. Quantitative and qualitative assessment of trade disputes of countries within WTO has been carried out; their subject-object characteristics have been defined; major tools of the most active member countries being a complainant or a respondent have been analyzed. It has been discovered that the largest number of disputes have taken place between the USA and the EU, the USA and China, and China and the EU; methods and tools for trade disputing between the above mentioned countries were identified.