Foreign trade of Ukraine with the EU: reforming the legislation of Ukraine in the aspect of approaching the legislation of the EU

Voronova Olena
Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of International Economic Relations, Odessa National Economic University, Odessa, E-mail:spdlena77@gmail.com, ORCID ID: https://orcid.org/0000-0002-8719-5546

Cite this article:

Voronova O. (2022) Foreign trade of Ukraine with the EU: reforming the legislation of Ukraine in the aspect of approaching the legislation of the EU. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Zovnishnia torhivlia Ukrainy z YeS: reformuvannia zakonodavstva Ukrainy v aspekti nablyzhennia do zakonodavstva YeS; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 7 (296), pp. 23-27.

Abstract

The purpose of the scientific article is to reveal the peculiarities of the reform of the legislation of Ukraine in the context of approximation to the legislation of the EU in the field of foreign trade. It was determined that the proposed changes to the Customs Code of Ukraine in accordance with the harmonization of EU legislation are of great importance for Ukrainian business. The peculiarities of the bill on amendments to the Customs Code of Ukraine, necessary to ensure the international application of the new computerized transit system NCTS and the expansion of the implementation of the provisions of the EU customs legislation, were considered. It was established that in order to switch to the international application of NCTS, Ukraine needs to join the Convention on the common transit procedure. It was found that Ukraine has already completed the NCTS testing process for compliance with the provisions of the Convention on the Common Transit Procedure and is technically ready to join this convention. It was determined that by joining the Convention on the Common Transit Procedure (NCTS), Ukrainian business will receive the following advantages and simplifications: 1 transit declaration and 1 guarantee for moving goods between 36 countries (EU member states and Great Britain, Turkey, Serbia, North Macedonia, Iceland, Norway, Liechtenstein and Switzerland); automated enterprises will be able to send and receive goods at their enterprises without visiting the customs terminal; financial guarantees will be valid in other 35 countries of the world. The provisions of draft law No. 7420, which provide for changes necessary to ensure the international application of NCTS and further harmonization of the Customs Code of Ukraine with EU customs legislation, were considered. It was noted that the relevant principles of reforming Ukrainian legislation in accordance with EU legislation in the field of foreign trade should also be taken into account in the Recovery Plan of Ukraine in the context of European integration.

Keywords

European integration, reform, legislation, implementation, Convention on common transit procedure, Convention on simplification of formalities in trade in goods.

JEL classification: N700; DOI: 10.32680/2409-9260-2022-7-296-23-27

UD classification: 340.134:339.920

References

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