Ukraine in the context of accessing WTO

On May 16, 2008, Ukraine became the 152nd member country of the World Trade Organization.

Amongst the commitments undertaken by Ukraine are the following:

1.Import customs duties rates range between 0% and 50% (bound rates). Some bindings involve reductions phased in over a period of up to 2013. Ukraine’s average tariff bindings are 10.66% for agricultural products and 4.95% for industrial goods.

The highest tariffs Ukraine may apply are on items such as sugar (50%) and sunflower seed oil (30%). Product categories with lower tariffs that will initially or eventually be eliminated include civil aircraft, construction equipment, distilled spirits, certain types of fish, pharmaceuticals, certain chemicals and petroleum oils, medical equipment, wood, pulp & paper, certain yarn and fabric, certain base metals, steel, information technology products, furniture, and toys.

2. Export commitments. Reduction of export duties on oilseeds, live cattle, animal skins, ferrous and non ferrous particles. Eliminating export bans on nonferrous scrap metal and removing export restrictions on grains, as well as those on precious metals and stones other than gold, silver, and diamonds.

3. Technical barriers. Bringing standards and technical regulations into conformity with the relevant international standards. Reducing the number of products subject to mandatory third party certification. Ukraine will not block imports of meat and meat products treated with hormones.

4. Main Expectations: growth of GDP, exports, foreign investments. -

For the consequences, please, see Topic#2.

Exercise. Please, write the essay on the topic “Economic integration of Ukraine”, describing pros and cons, benefits and constraints of the process. Put forward your arguments proving your opinion.

SELF-CONTROL QUESTIONS

1. What are the effects of globalization?

2. What is the difference between 2forms of Economic Integration: a Free Trade Area and a Customs Union?

________________ is the integration of countries which concluded an agreement on elimination of tariff barriers in mutual trade and set a common external customs tariff for third countries is:

a) free trade zone; b) customs union;

c) common market; d) economic union.

3. Is it possible for the country to be the member of 2 different Free Trade Areas? And 2 different Customs Unions? Why?

4. What are the purposes of WTO?

5. What are the functions of WTO?

6. What are the principles of WTO?

7. Please, describe the subject matter of the principles of WTO.

8. What are the main expectations and the consequences of accession to WTO for Ukraine?

9. How many countries have accessed to WTO?

10. When did Ukraine accessed to WTO?

11. True or false?

a) Preferential trade agreements are generally illegal between individual

countries-WTO members.

b) One of the key principle of WTO is trade without discrimination,

namely, most favored nation clause: member country cannot be treated

differently.

c) Free Trade Areas and Customs Unions are not allowed by WTO

regulations.

d) Free Trade Areas and Customs Unions violate the most favored nation

clause in WTO.

Дата добавления: 2015-11-14