Improvement of mechanisms of formation and implementation the state export policy in Ukraine

Abstract

It was assessment the prospects for the application of an export-oriented growth strategy in Ukraine as the basis of the economic growth strategy based on the analysis of foreign practices and achieved economic results. It has been established that the effectiveness of the implementation of the export-oriented growth strategy in our country will be successful only with the active introduction of innovative technologies in the production of goods and services due to the inflow of direct foreign investments in export-oriented sectors of the economy. The draft plan of measures for the post-war recovery and development of Ukraine was analyzed. A number of measures necessary for the implementation of the export-oriented growth strategy were identified. The institutional, financial and resource support of export activity are analyzed. It has been established that the existing network of trade support institutions in Ukraine is not able to fully ensure the proper level of effective support for Ukrainian exporters on international markets. Furthermore, the mechanism of interaction and cooperation of state export support institutions, in particular the International Trade Council under the Cabinet of Ministers of Ukraine, with other institutions in the field of international trade and enterprises of the real sector of the economy is imperfect. It was noted that the realization of export entrepreneurial potential in Ukraine is held back today not only by global factors (pandemic, war etc.), but also by internal obstacles, among which, in particular, the absence of a strategic document in the export activity of the state - the Export Strategy of Ukraine, which would cover the main principles of export policy implementation during the war and during the post-war recovery period. It has been argued the necessity to updating and actualization the Export Strategy of Ukraine, which will determine the main directions of development of Ukraine's international trade and support of export-oriented enterprises, especially small and medium-sized businesses, taking into account new challenges and prospects. It was noted that state and non-state, including with the participation of international organizations, financial and non-financial support of export activities are important tools for financial and resource support of domestic exports today. It has been argued the necessity of introducing a mechanism of insurance of investments of domestic and foreign investors against military risks in Ukraine. Measures to increase the effectiveness of the consultative and advisory activities of the International Trade Council and the financial capacity of domestic exporters, including with the participation of the Export Credit Agency, was proposed.