Financial aspects of the external economic activity of Ukraine: six years after WTO accession

Abstract

The article examines the financial aspects of certain types of foreign economic activity, including the financial results of foreign trade of the country after the accession to the WTO, which occurred during the last six years. The purpose of the article - to determine the financial results of foreign economic activity in Ukraine after WTO accession and those potential mechanism of economic management that are not yet involved in improving its efficiency. The methodological basis of the study is the provision that the development of foreign economic activity is an important factor in enhancing economic growth of the country. The dynamics of the main indicators of foreign trade and foreign direct investment during last six years are analyzed in the article. Among the financial problems - the emphasis on the illegal reimbursement of value added tax business entities in foreign trade and import duties. It is necessary to strength the cooperation of governmental fiscal Service of Ukraine with the relevant authorities of foreign countries. We investigate the change in tariff payments in the sphere of customs regulation of foreign trade. Now should continue to work towards a fundamental change in the structure of imports and conditions of Ukraine's membership in the WTO.