The Impact on Ukraine of Joining the WTO: Subsidies vs. Antidumping in Ferrous Metallurgy
The goal of our research is to study Ukraine's accession to the WTO referring to one particular sector discussed most hotly in this context: metallurgy. Ukrainian metallurgy has two remarkable features: from one side, steel producers receive substantial subsidies; from the other side, Ukrainian metallurgical exports have been permanently brought under antidumping investigations. The purpose of this research is to study effects of both cases and find impact on metallurgy and total welfare. The results of partial equilibrium model shows that on balance the total gains for the Ukrainian economy are calculated to be above USD 343 million, or 1.1 % of GDP; hence, in the subsidies-antidumping duel there is no trade-off for Ukrainian economy.
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