scholarly journals The Impact of Foreign Trade Policy 2015-2020 on Inclusive Growth of India

2016 ◽  
Vol 5 (2) ◽  
pp. 1960-1962
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Inclusive Growth ◽  
Foreign Trade Policy ◽  
The Impact

scholarly journals TRADE POLICY OF THE EUROPEAN UNION AND THE UNITED STATES OF AMERICA UNDER THE COVID-19 PANDEMIC

2021 ◽  
Vol 2 (1) ◽  
pp. 53-59
Author(s):  
Viktoriya Mashkara-Choknadiy ◽  
Yuriy Mayboroda
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Social Life ◽  
The United States ◽  
The European Union ◽  
Foreign Trade Policy ◽  
The Us ◽  
The Usa ◽  
The Impact ◽  
The Eu

The pandemic of COVID-19 has influenced all sectors of social life, including the global economy and trade relations. The year of 2020 was marked with significant changes in internal and foreign economic policy of almost all nations. The purpose of the paper is to study the measures taken by the EU and the USA as the world's leading economies to regulate their foreign trade in the global crisis caused by the COVID-19 pandemic. The tasks of the study are to show the influence of the crisis on changes of global trade policy in front of the threat to national security. Methodology. The study is based on the results of statistical analysis of data provided the WTO and the UNCTAD. The authors show an analytical assessment of the foreign trade indicators of the EU and the USA. Methods of comparison and generalization were used to formulate conclusions on regulatory trends in foreign trade of the US and the EU. Results allowed identifying specific features and changes in the regulation of foreign trade of the EU and the US, assessing the impact of the pandemic on their foreign trade. It was found that both mentioned players of the world economy have actively introduced both deterrent and liberalization measures during 2020, which were aimed at providing the domestic market with scarce COVID-related goods. The study shows the transition from export restricting to import liberalizing measures in foreign trade policies from the start of pandemic to the late 2020. Practical implications. Understanding and predicting the possible actions of partners (the US and the EU in this case) in the field of foreign trade regulation is an important practical aspect, which has to be taken into account when developing Ukraine's foreign trade policy. Value/originality. The study of foreign trade policy of the world's leading countries allows us to understand the behavior of governments of the countries that are largely dependent on participation in international trade in their development, to draw conclusions about the most common instruments of foreign trade policy in the time of humanitarian and economic crises.

scholarly journals The Impact of the Rise Global Supply Chains on the New Tendencies in the Contemporary Foreign Trade Policy

2018 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Zdzisław W. Puślecki
Keyword(s):  
Political Economy ◽  
Foreign Trade ◽  
Supply Chains ◽  
Trade Policy ◽  
Multinational Firms ◽  
The Political ◽  
Global Supply Chains ◽  
Foreign Trade Policy ◽  
Theoretical Contribution ◽  
The Impact

The main aim of the article is indication of impact of the rise global supply chains on the new tendencies in contemporary foreign trade policy. The subject of the discussion and theoretical contribution in the undertaken research program is presents new tendencies in international trade—the rise of global supply chains, the impact of the rise global supply chains on the political economy of trade and countries motivations for cooperating on trade policies and the rise of global supply chains and increasing importance of bilateral agreements in the foreign trade policy. It is important to underline that a few multinational firms are responsible for a major share of world trade and for the rise of global supply chains. On the one hand, these firms should support regulatory harmonization across different Preferential Trade Agreements (PTAs) in order to lower trade costs. On the other hand, they might also resist harmonization—and encourage certain non-tariff measures—in order to prevent new competitors from entering markets. This may partly explain the persistence of regulatory divergence, and suggests that the political economy of regulatory convergence, especially in the conditions of the rise global supply chains, may be more important and more complex than is sometimes suggested. 

scholarly journals Foreign trade aspect of Serbia’s accession to the European Union

2013 ◽  
Vol 65 (3) ◽  
pp. 341-364
Author(s):  
Stevan Rapaic ◽  
Dragana Dabic
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Trade Policy ◽  
The European Union ◽  
Foreign Trade Policy ◽  
Government Control ◽  
Association Agreement ◽  
Full Member ◽  
Common Trade ◽  
The Impact

From the past experience, most governments conclude that it is necessary to carry out carefully planned foreign trade policy based on a high degree of liberalization dosed with government control. This kind of foreign trade policy is being implemented both by Serbia and by the European Union, which established the Common Trade Policy (CTP) in 1957. Bearing in mind that Serbia has signed the Stabilization and Association Agreement striving to become a full member of the European Union, it is clear that, in due course, its foreign trade policy must be in line with the European one. This is not an easy task, because parallel to the process of accession to the EU, Serbia is conducting negotiations on accession to the World Trade Organization and those two processes are intertwined and connected. This paper analyses Serbia?s process of accession to the European Union and the impact of this process on its foreign trade policy as well as the future of its foreign trade relations with previous major partners.

DIGITAL TRANSFORMATION OF THE STATE’S FOREIGN TRADE POLICY

2021 ◽  
Vol 119 (6) ◽  
pp. 26-40
Author(s):  
DUHINETS Hanna ◽  
SARKISIAN Larysa
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
International Organizations ◽  
Data Transfer ◽  
Transformation Process ◽  
Digital Transformation ◽  
Practical Consideration ◽  
Foreign Trade Policy ◽  
Digital Products ◽  
The Impact

Background. The impact of digital transformations on financial, invest­ment and trade flows requires the introduction of appropriate incentives and the reduction of restrictive practices. The lack of coordination between national governments and international organizations in establishing mechanisms and instruments increases the risk of instability zones. Modern regulatory instruments applied by countries may be twofold, owing to the nature of digital technologies. In sum, the issue of improving foreign trade policy is actual and requires further research and practical consideration. The aim of the articleis to develop theoretical, methodological and practical approaches to the regulation of the foreign trade policy digital transformation process. Materials and methods. Database of statistical and analytical materials of international organizations (Organization for Economic Cooperation and Development, World Economic Forum), national statistical offices, centres of expertise and in-house research were used. The study used economic analysis, comparison, grouping and systematization methods. Results. The article examines the theoretical, methodological and practical approaches to regulating the process of digital transformation of foreign trade policy. It is determined that the main directions of regulatory practices are the rules for data transfer, consolidation and regulation of intellectual property rights, data protection of consumers of information services, ethics of digital products. The classification of tools of digital transformation of foreign trade policy is formed. Conclusion. The growing share of digital goods and services in inter­national trade has intensified the complex aspects of global cooperation among countries to develop the digital economy and to regulate joint activities in the creation of physical and virtual mobility rules. For Ukraine, it is important to accelerate the pace of implementation of planned measures and to strengthen the development and introduction of stimulating tools for the development of the destiny of the digital sector in the economy.

scholarly journals FOREIGN TRADE POLICY FOR INTEGRATION INTO GLOBAL VALUE CHAINS

2019 ◽  
Vol 5 (2) ◽  
pp. 24
Author(s):  
Igor Guzhva ◽  
Petro Nebotov ◽  
Yevhen Ivanov
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Global Value Chains ◽  
Point Of View ◽  
Modern Concept ◽  
Value Chains ◽  
Foreign Trade Policy ◽  
Trade Regulation ◽  
Joint Application ◽  
The Impact

The purpose of the article is to define and argue the key criteria and directions of foreign trade policy, which become crucial in conditions of country’s integration into global value chains, as well as to reveal the impact of major regulatory barriers to trade that prevent Ukraine’s integration into global value chains. The subject-matter of the study is the peculiarities of foreign trade regulation under global value chains expansion. Methodology. The methodological principles of research involve the joint application of a set of well-known common scientific methods, as well as special research methods in economics, such as the method of system and structural analysis to generalize spheres, directions, and tools of GVC-friendly trade regulation. Results. The essence of global value chains as a modern concept for international trade analysis is revealed. New approaches to trade and economic policy aimed at improving the country’s participation in global value chains are analysed. Key spheres, in which bottlenecks for global value chains usually occur, are investigated. The growing importance of liberalization of trade in services in order to integrate into GVC successfully is stressed. Main barriers that prevent the Ukrainian economy from effective integration into GVC are outlined. Basic shortcomings in Ukraine’s export control system that constrain the expansion of the country’s exports of dual-use goods and technologies are outlined. Practical implications. The article contains a comprehensive set of tools and regulations to revise approaches, directions, and efficiency criteria of governmental foreign trade policy according to global value chains concept. Value/originality. Identified requirements for foreign trade policy allowed investigating the effectiveness and perspectives of Ukraine’s trade and investment regime from a GVC point of view.

scholarly journals The Impact of Foreign Trade Policy on China's Economic Development

2021 ◽  
Vol 5 (1) ◽  
pp. 25-35
Author(s):  
Shi Ike ◽  
Natalia Epova
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Trade Policy ◽  
World Economy ◽  
Regulatory Control ◽  
Foreign Trade Policy ◽  
Economic Relations ◽  
Trade Relations ◽  
The World ◽  
The Impact

The importance of foreign trade and its impact on the level of economic development of both individual states and the world economy as a whole is steadily increasing. The successful or unsuccessful development of foreign trade relations is largely determined by the state's policy in this area, the use of various tools and methods. China, having begun to reform the economic system, pursued the goal of increasing the competitiveness of the national economy. For this purpose, foreign trade relations with other countries were actively developed in accordance with the interests of China and the priorities of economic development. Over a long period in China was dominated by autarkic tendencies in the sphere of foreign relations, which contradict the idea of integration for joint solutions to existing problems and the liberalization of foreign trade. Since the late 70s, China has realized the need to connect the country to the processes taking place in the world economy and carry out reforms, an important part of which was the implementation of a strategy for the development of foreign economic relations. The new policy assumed the extraction of maximum benefits from cooperation with foreign partners, the modernization of the economy using best practices in the economic, scientific and technical spheres, the diversification of production, the introduction of effective management models. China's foreign trade policy is implemented through a variety of regulatory, control and incentive methods. This makes it possible to take into account the characteristics of specific territories and use the most appropriate tools to achieve the best result. Relevance and insufficient knowledge of the impact of trade on economic development of China in the development of global value chains and the trend towards a multipolar world system, the development of the prospects of transformation of China's foreign trade, led to the selection of topics for articles.

Methodological approaches to determining the impact of barriers on international trade

2021 ◽  
pp. 713-727
Author(s):  
Diana Makayevna Madiyarova ◽  
Maxim Vladimirovich Terletskii
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Trade Policy ◽  
Free Trade ◽  
Equilibrium Model ◽  
Econometric Models ◽  
Trade Barriers ◽  
Foreign Trade Policy ◽  
Methodological Approaches ◽  
The Impact

Today, within the framework of the functioning of foreign trade policy, there are two main opposing models: protectionism and free trade. Recently, the situation is developing towards the dominance of the policy of protectionism over the policy of conducting free trade, since there is a continuous increase in the number of non-tariff measures and the manifestation of trade wars. This situation leads to the need for a policy of trade liberalization. Implementing a foreign trade policy aimed at eliminating trade barriers is not a quick process and requires a thoughtful scientific assessment. To analyze the criticality of the situation of the absence of a free trade policy and to reflect its validity, a very wide methodological toolkit is used to study various kinds of trade barriers, ranging from the calculation of the simplest indicators to the construction of complex econometric models. This study provides a comprehensive review of the main methodological approaches to determining the impact of tariff and non-tariff barriers on the international trade activities of countries. In the scientific review work, 4 domestic and 24 foreign sources, formed on the basis of 21 resources, were involved in the search for literature. The results of the review analysis of research papers showed that in the study of tariff and non-tariff barriers, researchers mainly use three econometric models, namely gravity model, partial equilibrium model and general equilibrium model. In addition, the study of non-tariff barriers can be carried out in the context of two other methods besides the econometric one: the implementation of the "price gap" method and the derivation of "incidence indicators".

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