Agreement with the EU: how much will Ukraine lose from the trade compromise

Agreement with the EU: how much will Ukraine lose from the trade compromise

Ukraine pursues an active trade policy with the countries of the European Union, but the recent compromise may bring losses. It is reported that the agreement on the reduction of tariffs for products concluded between Ukraine and the EU may lead to serious economic consequences for the country. Let's analyze how this will be reflected in various sectors of the Ukrainian economy.

Agriculture

One of the main areas that will feel the consequences of such a compromise is agriculture. The agreement envisages a reduction in tariffs on imported agricultural goods, which may lead to lower prices on the domestic market and complicate competition for domestic farmers. This may also lead to an increase in imports and a decrease in production in Ukraine.

Industry

Another area that will be affected by such an agreement is industry. Lower tariffs on imported goods can lead to a decrease in production in Ukraine and an increase in imports, which in turn can lead to an increase in unemployment and a decrease in economic growth.

Trade and export

A reduction in tariffs can stimulate the export of Ukrainian goods to EU countries, which can be positive for exporters. However, it may also lead to increased competition in the European market and lower commodity prices.

Infrastructure

Lower tariffs on imported goods may also affect infrastructure projects in Ukraine. Lower prices for imported materials can lower construction costs, which can be positive for infrastructure projects in the country.

Result

Thus, the agreement on the reduction of tariffs on imported goods can have both positive and negative consequences for Ukraine. It is important to balance these impacts and take effective measures to minimize the negative consequences