The Problems of Economy

18

Authors: Kyzym M. O., Yaroshenko I. V., Matyushenko I. Yu., Semyhulina I. B., Makhansova Yu. M.

The article deals with the problem of the consequences for Ukraine from its membership in the WTO, for Ukraine’s production and foreign grain crops trade with the EU and the Customs Union (CU), the Eurasian Economic Community. It was determined that Ukraine is among the absolute world leaders in the production and export of grain crops and sunflower oil from domestic raw materials. The commodity structure of exports and imports of agricultural products was analyzed. The situation and changes in the market of grain crops and its products after the WTO accession were examined. The negative factors of the relevant market of cereals crops and its products were identified. It was determined that Ukraine's foreign trade with third countries which are not members of the EU and CU after joining the WTO has expanded considerably and has more promising areas for further expanding markets than with the EU and CU. It was proved that the largest importer of domestic finished grain products is Russia. It was determined that the domestic market in Ukraine is quite open to imports of cereals and their products. The situation and changes in the market of sunflower seeds and sunflower oil after Ukraine's accession to the WTO was examined. It was defined that the production of sunflower oil in Ukraine is export oriented activity. The analysis of export-import operations in Ukraine with the EU and CU led to the conclusion that these markets are closed for former Soviet Union producers. It was determined that the domestic market of Ukraine in terms of its own resource base (sunflower seeds) for the production of sunflower oil is secure enough. It was proved that for effective development of domestic markets of these goods, Ukraine needs to develop other areas of foreign trade integration.