scholarly journals LEGAL ISSUES OF IMPLEMENTING THE INSTITUTE OF AUTHORIZED ECONOMIC OPERATOR

2021 ◽  
pp. 39-45
Author(s):  
Е.М. Derkach ◽  
Keyword(s):  
Supply Chain ◽  
Global Economy ◽  
Legal Issues ◽  
Assessment System ◽  
The European Union ◽  
Association Agreement ◽  
Trade Relations ◽  
Delivery Times ◽  
Multi Stage ◽  
Freight Forwarder

The article covers current legal issues on implementing the institution of an authorized economic operator (AEO). The directions for developing the domestic economic and transport legislation are outlined. According to the International Monetary Fund data, supply chain disruptions have become a major challenge for the global economy since the start of the pandemic caused by COVID–19. Shutdowns of factories in China in early 2020, lockdowns in several countries across the world, labour shortages, as well as demand for tradable goods, disruptions to logistics networks have resulted in big increases in freight costs and delivery times. It is noted that the ongoing problems in the supply chain have caused some changes in the development of trade relations of Ukraine with other countries due to its transit state status. The institute of authorized economic operator was established in Ukraine according to the Law of Ukraine «On the amendments to the Customs Code of Ukraine on certain issues of functioning of authorized economic operators» adopted in October 2, 2019. It is emphasized that implementing the institution of the authorized economic operator corresponds to Ukraine’s obligations under the Association Agreement between the European Union and its Member States, of the one part, and Ukraine, of the other part. It is noted that more than 80 % of all customs clearance in the EU is carried out by companies with AEO authorization. A resident business entity as a participant of the international supply chain (including manufacturer, exporter, importer, customs representative, carrier, freight forwarder, warehouse keeper) may be authorized economic operators due to multi-stage conformity assessment system. In addition, the current legislation should be updated, in particular relevant provisions of the Economic Code of Ukraine, transport codes and laws in order to provide legal basis for authorized economic operators’ activities as the participants of freight transportation, as well as unifying the legal requirements for the AEO and carriers, freight forwarders, etc.

Legal Issues of EC–Cyprus Trade Relations

2003 ◽  
Vol 52 (2) ◽  
pp. 489-498 ◽  
Author(s):  
Panos Koutrakos
Keyword(s):  
Point Of View ◽  
Legal Issues ◽  
European Court Of Justice ◽  
The Political ◽  
The European Union ◽  
Association Agreement ◽  
Trade Relations ◽  
The Third ◽  
Court Of Justice ◽  
European Court

Whilst the political aspects of Cyprus's membership to the European Union have become the main focus of academic analysis over the years, its trade relations with the Member States have raised issues just as interesting from a legal point of view. This has been illustrated quite recently by the Anastasiou II judgment delivered by the European Court of Justice in 2000. The article aims at highlighting some of these issues. It is structured in three parts: the first part outlines the provisions of the EC–Cyprus Association Agreement governing trade between the parties; the second part analyses the Court's first ruling on imports of certain produce from the northern part of Cyprus;1 the third part examines the recent judgment of the Court on imports of produce which, whilst originating in the northern part of Cyprus, are being accompanied by phytosanitary certificates issued by the Turkish authorities.

scholarly journals Contemporary economic relations between China and European Union

2014 ◽  
Vol 66 (1-2) ◽  
pp. 35-50
Author(s):  
Nikola Jokanovic
Keyword(s):  
European Union ◽  
Global Economy ◽  
The European Union ◽  
Member States ◽  
Economic Relations ◽  
Trade Relations ◽  
Eu Member States ◽  
Chinese Investment ◽  
High Level ◽  
The Eu

This paper will discuss the economic relations between the European Union and the People?s Republic of China. The introductory part will make an insight into the position of China in the contemporary global economy. The following part of the paper will analyze China-EU trade relations. The topics included will be a general overview of these relations since their establishing in 1975 as well as the European Union?s attitude towards the Chinese WTO membership. The Sino-EU partnership and competition will also be described and it will be followed by an overview of the Sino-EU High Level Economic and Trade Dialogue (HED). The concluding topics in this part of the paper will include Sino-EU trade flows, perceived obstacles to trade and investment as well as recent trade disputes between two trading partners. The third part of the paper will deal with Sino-EU investment flows (with an emphasis on Chinese investments in EU member states). After the introductory remarks concerning the EU investments originating from China, the paper will shed light on particular EU member states which are preferred for Chinese investment as well as the industries in which Chinese companies are willing to invest. The concluding part of this paper will offer possible development of relations between the EU and China in the near future.

scholarly journals The Impact of Hard Brexit on Polish Exports

2018 ◽  
Vol 54 (2) ◽  
pp. 99-109
Author(s):  
Jakub Borowski ◽  
Jakub Olipra ◽  
Paweł Błaszyński
Keyword(s):  
Economic Integration ◽  
Global Economy ◽  
Interesting Case ◽  
First Year ◽  
The European Union ◽  
Trade Relations ◽  
The United Kingdom ◽  
The Uk ◽  
The Impact ◽  
The Eu

Abstract The decision of the United Kingdom (UK) to leave the European Union (EU) is unprecedented, especially considering the recent trend in the global economy toward economic integration. There is a multitude of research concerning the implications of economic integration; however, research in the field of disintegration is scarce. Brexit serves as an interesting case study to investigate the effects of economic disintegration. The implications for trade are especially fascinating as trade liberalization is one of the most important benefits of economic integration. Existing studies focus mainly on Brexit’s impact on the UK’s exports and imports, while less attention has been paid to Brexit’s effects on the trade of other countries. The main objective of our research is to estimate Brexit’s influence on Polish exports. We present several possible scenarios of future trade relations between the UK and the EU and assume that, at least in the nearest-future post-Brexit scenario, trade under the World Trade Organization rules is most likely. This will result in the imposition of tariffs on trade between the UK and the EU members, including Poland. In our research, we used the real exchange rate of the Polish zloty against the British pound as a proxy for the changes in price competitiveness of Polish exports due to the imposition of tariffs. We find that in the first year after Brexit, the dynamics of Polish exports to the UK will decrease due to the imposition of customs duties by 1.3 percentage points (pp) and by 0.1 pp when it comes to total Polish exports. This paper contributes to the discussion on the effects of disintegration on trade. We propose a new method for assessing changes in trade volume due to increase of trade barriers.

scholarly journals INTERNATIONAL ECONOMIC RELATIONS OF UKRAINE AND THE EU

10.23856/3007 ◽  
2018 ◽  
Vol 30 (5) ◽  
pp. 76-82
Author(s):  
Kateryna Slyusarenko ◽  
Irina Maksymova ◽  
Anastasiia Beskrovna
Keyword(s):  
International Economic ◽  
European Union ◽  
Foreign Trade ◽  
The European Union ◽  
Association Agreement ◽  
Economic Relations ◽  
Eu Countries ◽  
Trade Relations ◽  
International Economic Relations ◽  
The Eu

Foreign trade relations between Ukraine and the EU are developing under the terms of the Association Agreement coming into force. The article presents both positive and negative sides. The dynamics of foreign trade between Ukraine and the EU countries is analyzed, Ukraine's export and import structure is represented, as well as the proposed priorities of the development of foreign economic relations between Ukraine and the European Union

scholarly journals Notes on the Trade Relations between China and European Union (2008-2016)

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Maria de Fátima S C Previdelli ◽  
Luiz Eduardo S de Souza
Keyword(s):  
European Union ◽  
International Trade ◽  
Global Economy ◽  
Internal Market ◽  
The European Union ◽  
Trade Relations ◽  
The World ◽  
Wto Accession ◽  
History Of ◽  
The Way

China is the second largest economy and the biggest exporter in the world. Its growth in 2016 reached 6.7% and it is expected that China may be in the way to become the world's largest economy by the end of this decade , with an internal market of over two billion Euro in potential consumers . China's rise as a major global economy was driven by its WTO accession in 2001 which allowed the opening of its economy. This led China to establish itself as a major global trader and largest world exporter. These notes outline a history of recent trade relations between China and the European Union, discussing its evolving dynamics and volume in international trade.

scholarly journals Perspectives of trade relations between the European Union and China

Equilibrium ◽  
2009 ◽  
Vol 2 (1) ◽  
pp. 137-145
Author(s):  
Anetta Kuna-Marszałek
Keyword(s):  
Global Economy ◽  
Main Part ◽  
Chinese Economy ◽  
The European Union ◽  
Trade Relations ◽  
Bilateral Relations ◽  
European Experience ◽  
Important Trading Partner ◽  
European Investment ◽  
The Eu

Over the last two decades, ties between China and the EU have developed into one of the most dynamic bilateral relationships in the global economy. The EU is China’s important trading partner and growing amounts of European investment are pouring into the booming Chinese economy. European companies believe that more open, democratic and law-abiding China will be a better partner. On the other hand, China wants to learn from the European experience and is keen to have access to the EU’s wide market. Those are reasons why both partners try to find better ways to communicate on the global stage. The goal of the article is to identify directions of future cooperation between the EU and China and to explain their aims for the relationships. The Author also gives an impression of how they see each other policy and provides an overview of what is still the main part of bilateral relations.

scholarly journals Foreign Trade Relations of Ukraine with the EU Countries: State, Trends and Development Priorities

2021 ◽  
pp. 81-91
Author(s):  
I. Mytsenko ◽  
◽  
M. Sukhomlyn ◽  
O. Yurchenko ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
The State ◽  
Polymer Materials ◽  
The European Union ◽  
Barriers To Entry ◽  
Association Agreement ◽  
Eu Countries ◽  
Trade Relations ◽  
The Eu

In modern conditions, the involvement degree of any country in the international economic relations is determined to a significant extent by the state of its foreign trade activities. For Ukraine, the European Union is a key trading partner. The signing of the Association Agreement with the EU provided Ukrainian producers with the opportunity to increase their presence in European markets, but at the same time it was accompanied by a number of problems and risks. The main ones are tariff quotas and high technical barriers to entry into the EU market. This study aims to analyze the state and development trends of foreign trade relations between Ukraine and the EU under the conditions of the Association Agreement and the resulting benefits and risks for domestic producers and, on this basis, substantiate the priorities of deepening these relations, taking into account national interests as a prerequisite for increasing the competitive economy of Ukraine. It was found that Ukraine has the potential to enhance export opportunities in general and with the European Union in particular. Amendments to the Association Agreement, the signing of the ACAA Agreement is a necessary institutional framework, a driver that will allow Ukraine to intensify, deepen and diversify its trade activities with the EU countries. It was revealed that raw materials prevail in the structure of Ukraine's merchandise exports to the EU, however, compared to 2013, its share has significantly decreased - by 14.3%. The structure of Ukraine's merchandise imports from the EU is more diversified, it is based on engineering and pharmaceutical products, as well as mineral products, polymer materials and plastics. The share of these products in the total volume of Ukraine's merchandise imports during 2013-2020 remains high and ranges from 54-56 %. Such trends testify to the import dependence of the Ukrainian economy and require an urgent solution. Based on the results of the analysis, it was determined that machinery-producing industries are promising from the point of view of further increasing the export opportunities of Ukraine to the EU. To support and develop them, it is proposed to carry out systematic and systematic measures, taking into account the obligations that Ukraine assumed by signing the Association Agreement with the EU. Special economic zones, science parks, technology parks and clusters are considered as tools to support the export potential of domestic engineering and the economic potential of the national economy. The effectiveness of these structures has been confirmed by numerous studies and successful international experience.

scholarly journals An Exploration of Circular Economy Practices and Performance Among Romanian Producers

2018 ◽  
Vol 10 (9) ◽  
pp. 3191 ◽  
Author(s):  
Elena Botezat ◽  
Anca Dodescu ◽  
Sebastian Văduva ◽  
Silvia Fotea
Keyword(s):  
Economic Growth ◽  
Supply Chain ◽  
Circular Economy ◽  
Global Economy ◽  
Raw Materials ◽  
The European Union ◽  
Cluster Membership ◽  
And Performance ◽  
Global Economic Growth ◽  
Protective Methods

Economic growth is the mandate of the global economy and with our planet’s population poised to reach 10 billion people, economists are searching for sustainable economic growth approaches that do not increase raw materials consumption nor deplete and damage our environment. This mandate is the heart of the Circular Economy (CE), a challenge to theoreticians and practitioners alike to continue global economic growth, but with fewer resources and protective methods for our environment. The European Union (EU) economies were early adopters of CE and are now demanding similar adoptions from its recently integrated members from the East. Romania is one of the laggard states in this transition, given its heritage and lack of economic sophistication. Our paper identifies the practices and performance of Romanian producers regarding the implementation of the CE principles, so future recommendations can be formulated. In surveying the Romanian firms, we applied a cluster analysis based on their level of green-oriented supply chain cooperation (GSCC) practices. The respondents were grouped into two clusters: “low green-oriented supply chain cooperation (GSCC) scorers” and “high green-oriented supply chain cooperation (GSCC) scorers’. The results suggest that cluster membership partially influence CE practices and fully influence CE-targeted performance.

scholarly journals The European Integration Challenges of Ukraine

2020 ◽  
Vol 10 (513) ◽  
pp. 14-21
Author(s):  
O. V. Kuklin ◽  
◽  
R. F. Pustoviit ◽  
M. Y. Kryvoruchko ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
European Integration ◽  
The European Union ◽  
Association Agreement ◽  
Trade Relations ◽  
Eu Member States ◽  
High Level ◽  
The Impact ◽  
The Eu

The article is concerned with an analysis of Ukraine’s European integration challenges, which are considered from the position of the effectiveness of foreign trade, as well as in light of the institutional challenges of the European integration course. According to the results of research, both the dynamics and the structure of Ukraine’s foreign trade relations with the EU Member States, the CIS and Asia countries are analyzed. It is defined that the focus on the European Union market prevented domestic exporters from reaching the pre-crisis levels of 2013. The resource nature of the national exports to the EU is underlined. The high level of interdependence in the sphere of foreign trade relations with former partners of Ukraine in the CIS – the Russian Federation and Belarus, especially in the field of imports of fuel and energy resources, and export of nuclear reactors, boilers, machines, railway locomotives, products of inorganic chemistry, is emphasized. It is determined that Ukraine’s implementation of the Ukraine-EU Association Agreement is at a low level of 43%. The authors characterize the main tendencies in Europe as to the quality of life of the population on the basis of two indicators - the proportion of households that barely make ends meet (Bulgaria, Greece, Croatia, Cyprus, Portugal, Romania), and have unsatisfactory living conditions (Cyprus, Latvia, Hungary, Portugal, Slovenia) - the values of which are much higher compared to the average level in the EU. The general conclusion on the ambiguity of the issue of the effectiveness of the national economy’s orientedness toward the market of the European Union has been drawn. The need to take into account the multi-vector nature of the modern globalized world in the process of researching the impact of European integration on the economic development of Ukraine is reasoned.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

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