ROLLERCOASTER IN THE LANDSCAPE OF INTERNATIONAL TRADE

Summing up the results of 2017 in international trade, a review of the most pressing issues for Ukraine and the world should be made.
Among the positive results of Ukraine’s trade policy, one should highlight the entry into force of the Free Trade Agreement between Ukraine and Canada, as well as extension of tariff-rate quotas for some of the commodity groups of agricultural products important for our economy. At the end of December 2017, the Government approved the Export Strategy of Ukraine for the period 2017-2021, and also supported the bill on the accession of Ukraine to the Regional Convention on Pan-Euro-Mediterranean Preferential Rules of Origin (PEM Convention). Ukraine continues to effectively use the legal mechanisms of the World Trade Organization to tackle Russia’s trade war.
With regard to global international trade, the focus has been made on Brexit, US foreign trade policy, China’s market economy status, and recent amendments to EU regulations on anti-dumping and trade subsidies, that introduced a new method of calculating dumping margin and amount of subsidy for imports originating in third countries in the event of a significant distortion of the market equilibrium or large-scale state intervention in the exporting country.
More in detail re available in the in the article by Partner Natalia Isakhanova and Senior Associate Olesia Kryvetska at:
http://yur-gazeta.com/publications/practice/mizhnarodne-pravo-investiciyi/kruti-virazhi-na-obriyah-mizhnarodnoyi-torgivli.html