GLOBAL DOMINENTS FORTHE DEVELOPMENT OF CHINA'S TRADE POLICY:OPPORTUNITIES AND THREATS FOR COOPERATION WITH UKRAINE

Yuriy Valentynovych Bilan, Olha Mykolaivna Yatsenko, Vitalii Serhiiovych Nitsenko
2018 SCIENTIFIC BULLETIN OF POLISSIA  
Urgency of the research. Effective foreign trade policy of China and its accession to the WTO have had a positive impact on the country's integration into the global economy and have provided China with world leadership in terms of the main trade indicators in recent years. Target setting. Trade policy of the People's Republic of China plays a leading role in economic development of the country, despite its contradictory nature. Actual scientific researches and issues analysis. The works of V.
more » ... s. The works of V. Kiktenko, O. Oliynyk, K. Frend, L. Chen and others are devoted to the issues of economic development of China and its place in the world economy. Uninvestigated parts of general matters defining. At the theoretical level, insufficient attention has been paid to the issues related to the modernized trade policy of the PRC. The research objective. The aim of the work is to investigate the current state of trade policy of the People's Republic of China. The statement of basic materials. Trade policy of the country is characterized by the use of tariff and non-tariff instruments. The customs duty of China includes the MFN rates, contractual tariff rates, special fares, general tariff rates, tariff quota rates, and temporary duties. Import and export licensing holds an important place among the non-tariff instruments of China's trade policy. It should be noted that China also introduces general restrictions on export and those which are country-specific. Conclusions. China's foreign trade policy goes through the period of modernization towards greater liberalization, pluralism and transparency. The protection of national interests are becoming more and more analogous to those of the leading countries of the world, it is characterized by hierarchically lined state and business institutions and takes into account the economic and political interests of stakeholders. At the same time, the role of China as a trade partner for the most of the countries increases.
doi:10.25140/2410-9576-2018-1-2(14)-49-57 fatcat:35xe57pqozhyvlpbu35xf4qapy