Export potential of Ukraine in GAFTAA markets: UTAS Co case





foreign trade, Extended Arab Free Trade Area, medical equipment, geopolitical tensions.


Introduction. Deep demographic changes, the economic crisis due to the pandemic, the war in Ukraine and growing geopolitical tensions in the world raise the issue of rethinking and concretizing areas of trade and economic cooperation with the Middle East, which existed in recent years but failed to achieve sustainable development.

Problem. The GAFTAA member countries are interested in expanding and strengthening trade relations with Ukraine.

The aim of the article is to identify the prospects of Ukrainian medical equipment manufac­turers entering the market of the Extended Arab Free Trade Area GAFTAA on the example of UTAS Co.

Methods. General scientific methods are used: historical-logical and system-structural, comparative and statistical analysis; informational, procedural and institutional.

Results. It is established that by the end of 2021, the vast majority of companies represented in the market of medical goods and services in the Middle East are of American origin. But there are also companies from Germany, Ireland and the Netherlands. The positive dynamics of imports in the market of medical equipment GAFTAA for 20162021. At the same time, in the economic crisis caused by the pandemic, it is necessary to find «breakthrough» sectors that will increase production of goods and services with high added value.

Conclusions. The production of competitive medical equipment itself may become one of the «breakthrough» sectors of the economy in the recovery period after the crisis caused by the pandemic and war in Ukraine. GAFTAA is very attractive for Ukrainian manufacturers. Among the main Ukrainian manufacturers of medical equipment is UTAS Co, which is already present in the markets of high-tech goods of certain countries GAFTAA and the Arab League, which opens the prospect of simplified entry into the markets of other countries party to the agreement.

Author Biographies

Viktor KOVAL, State Institution «Institute of Market and Economic & Ecological Research of the National Academy of Sciences of Ukraine»

Doctorof Science (Economics), Professor, Head of the Department

Olena NOVAK, State University of Trade and Economics

PhD (Economics), Associate Professor at the Department of World Economy

Kateryna PAVLYSHYNA, State University of Trade and Economics

Bachelor in specialty «Management of foreign economic activity»


Ukraine Conflict Executive Briefing Understand the impact of the Ukraine crisis on the world economy and key sectors. https://www.globaldata.com/ukraine-crisis [in English].

Abedini, J., & Péridy, N. (2008). The Greater Arab Free Trade Area (GAFTA): an estimation of its trade effects. Journal of Economic Integration, 848-872 [in English].

Full text of the Greater Arab Free Trade Area Agreement (1997). Bilaterals.org. 2005-07-17. Retrieved May 4, 2018. [in English].

Ibrahim, Y. K. (2019). Effects of the application of detailed origin rules under the Greater Arab Free Trade Area (FTA) Status of non-agreed industrial products. Tikrit Journal of Administration and Economics Sciences, 15 (46), (Part 2) [in English].

Abdouli, M., & Hammami, S. (2020). Economic growth, environment, fdi inflows, and financial development in Middle East countries: Fresh evidence from simultaneous equation models. Journal of the Knowledge Economy, 11 (2), 479-511 [in English].

Duginec' G. V., & Omran H. Z. (2021). Instytucijne zabezpechennja zovnishn'oi' torgivli Ukrai'ny: kontekst krai'n Blyz'kogo shodu [Institutional support of Ukraine's foreign trade: the context of the Middle East countries]. Zhurnal jevropejs'koi' ekonomiky – Journal of European Economy, (Vol. 20), 2 (77), 262-280 [in Ukrainian].

Lytvynenko O. V. (2020). Blyz'kyy̆ Shid i Pivnichna Afryka jak sfera interesiv Ukrai’ny: analit. dop.[ 2020). [The Middle East and North Africa as a sphere of interests of Ukraine: an analyst. ext] Kyi’v: NISD [in Ukrainian].

Muhammad, B. (2019). Energy consumption, CO2 emissions and economic growth in developed, emerging and Middle East and North Africa countries. Energy, 179, 232-245 [in English].

Nebaba, N. O., & Kolpina, A. G. 2020Osoblyvosti liberalizacii' torgovo-ekonomichnogo spivrobitnyctva mizh Ukrai'noju ta krai'namy Blyz'kogo Shodu [Features of liberalization of trade and economic cooperation between Ukraine and the Middle East countries]. Ekonomika ta derzhava – Economy and state, 4, 210-214 [in Ukrainian].

Omran, H. Z. (2019). Perspektyvy rozvytku zovnishn'o-torgovel'nyh vidnosyn mizh Ukrai'noju i krai'namy Blyz'kogo Shodu i Afryky [Prospects for the development of foreign trade relations between Ukraine and the Middle East and Africa countries. Ekonomichnyj prostir: zb. nauk. prac' – Economic space: coll. of scient. works, 191, 77-90 [in Ukrainian].

Tarariko, Ju., & Lukashuk, V. (2021). Perspektyv yinvestuvannja agrarnogo vyrobnyctva Ukrai'ny naftovydobuvnymy krai'namy Blyz'kogo Shodu [Prospects for investing in Ukraine's agricultural production by oil-producing countries in the Middle East]. Visnyk agrarnoi' nauky – Bulletin of Agricultural Science, 99 (6), 57-65 [in Ukrainian].

Dolbnjeva, D. V. (2020). Vplyv COVID-19 na ekonomiku krai'n svitu [The impact of COVID-19 on the economies of the world countries]. Problemy ekonomiky – Problems of the economy, 1 (43), 20-26 [in Ukrainian].

Gryn'ko, T. (2021). Lisovec' A. Vplyv pandemii' SOVID-19 na konkurentospromozhnist' pidpryjemstv [The impact of the COVID-19 pandemic on the competitiveness of enterprises], InterConf, 91. https://ojs.ukrlogos.in.ua/index.php/interconf/article/view/17037 [in Ukrainian].

Fedyk, M. V. (2021). Makroekonomichni naslidky vplyvu pandemii' COVID-19 na svitovu ekonomiku [Macroeconomic consequences of the impact of the COVID-19 pandemic on the world economy. Ekonomika ta derzhava – Economy and state, 7, 40-46 [in Ukrainian].

Impact of the COVID-19 pandemic on trade and development. https://unctad.org/system/files/official-document/osg2020d1_en.pdf [in English].

Eurostat. International trade in goods Database. https://ec.europa.eu/eurostat/web/international-trade-in-goods/data/database [in English].

UN Comtrade | International Trade Statistics Database. https://comtrade.un.org/pb/ [in English].

World Bank (2021) World Bank national accounts data, and OECD National Accounts data files. https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS?view=chart [in English].

ITA’s Exporter Database. https://www.trade.gov/ita-us-exporters-database-home [in English].



How to Cite

KOVAL В., NOVAK О., & PAVLYSHYNA К. (2022). Export potential of Ukraine in GAFTAA markets: UTAS Co case. oreign rade: conomics, inance, aw, 122(3), 97–109. https://doi.org/10.31617/zt.knute.2022(122)07

Most read articles by the same author(s)