FEATURES OF FINANCE REGULATION OF FOREIGN ECONOMIC ACTIVITY

Abstract

The main aspects of legal regulation of foreign economic activity of Ukraine and its enterprises are studied. Problems in the managementsystem have been identified and some areas for improvement have beenidentified. The policy of state regulation of foreign economic activity should influence the development of Ukraine’s foreign economic relations, which will help strengthen the competitiveness of the domestic economy, its innovative recovery, as well as a favorable investment and business climate.The institutional basis of foreign economic activity is a system of regulations and a set of bodies that perform the functions of creating, implementing and monitoring the implementation of legislation. Legal support of foreign economic activity in Ukraine is carried out by a system of normative legal acts, in particular the Constitution of Ukraine, the Law of Ukraine «On Foreign Economic Activity», the Customs Code, the Declaration of State Sovereignty of Ukraine, generally recognized international norms and rules.In accordance with the provisions of the Declaration of State Sovereignty of Ukraine, one of the foundations of the implementation of the statesovereignty of Ukraine is its independence in the implementation andregulation of foreign economic relations. The study allows us to draw thefollowing conclusions. The policy of creating a regulatory framework forforeign economic activity should take into account the efforts of our country to integrate into the global socio-economic space and the need to increase the stability and favorable domestic legislation for the development of relevant ties. It is a question of necessity of construction of stable, thoughtover, coordinated normative-legal base of regulation of foreign economic activity. Thus, in the process of comprehensive systematization of legislation on foreign economic activity at different stages should use such forms of systematization as consolidation and codification. In this case, in addition to systematization as a form of streamlining legislation, should also use the revision of legislation on foreign economic activity, which will "clear" and streamline this regulatory array.