Today, economic stability requires the availability of logistics for foreign trade, especially for exports. This is what the business reports in the monthly IER business tendency survey. Thanks to the work of the Ukrainian Sea Corridor, exporters of not only grain, but also iron ore and metallurgy products, can meet the demand for their products abroad. IER experts have written more on this in the July issue of the External Trade Monitor.
The Monitoring provides an analysis of June trends in the country's exports and imports, which can be useful for business and experts. This issue highlights changes in exports of major commodity groups, such as agricultural products, steel products, and mineral resources, and analyzes the impact of problems with the access to logistics and energy on external trade. Key aspects of imports were also considered, in particular an increase in imports of machinery and equipment, energy products and goods for the needs of the Armed Forces of Ukraine.
The policy in the field of external trade is changing very dynamically both in Ukraine and in other countries. That is why exporters and importers should regularly analyze these changes. Some changes include the further implementation of free trade zones, which provides for the liberalization of markets for services, not just goods.
In this issue of the Monitoring, experts also outlined about the rules of international public procurement, which can provide Ukrainian businesses with a possibility to expand the markets for the supply of their goods and services. In particular, this is facilitated by Ukraine's participation in the WTO GPA since 2016.
This issue will become an source of information for those who want to keep abreast of current changes in the field of external trade and effectively plan their activities.
This report became possible due to the support of the American People through the United States Agency for International Development (USAID) under the Competitive Economy Program in Ukraine.
