National governments need to adopt the necessary framework to enable the creation of a favourable business and trade environment in a situation of increasing global competition. International Economics’ team contributed to the elaboration of two key chapters of the National Export Strategy for Ukraine, covering Light Machinery and Trade Promotion and Trade Information
Support the Development of Export Strategy for Ukraine
The Project at A Glance
What We Found
Some of the key elements for companies to successfully tap into all of their trade potential consists in basing their strategic decisions on sound, comprehensive and reliable trade information, and counting on the appropriate tools for promotion. One of the key areas that must be addressed to ensure that Ukrainian exporters are internationally competitive is their ability to access timely, reliable and up-to-date trade and market intelligence data. Our team assisted ITC in developing Ukraine’s National Trade Strategy, by carrying out the task through a combination of in-depth desk research and three-week long stakeholder consultations. The aim was to prepare a tailored and thought-provoking presentation on Trade Information and Machinery.
Our Strategy and Impact
A well-functioning trading environment will contribute to the country’s diversification efforts by enabling the expansion of both geographic and product markets, leading, ultimately, to the increase in both domestic and international trade. Based on the analysis and stakeholder consultations we suggested few short, medium and long-term goals for Ukraine. The team highlighted the need for a proper Trade Information and Trade Promotion framework, which is a critical element for developing a competitive exporting sector in Ukraine, as the current framework does not provide relevant, accessible and reliable data, nor it provides the adequate promotion tools for successfully reaching international markets.
Our Core Solutions
As businesses seek to expand operations into new markets, the need to explore global supply chains and understand the international regulatory framework becomes crucial. At International Economics Consulting, we build tailor-made strategies for both import and export-oriented business solutions.