Neither Brexit nor the election of Donald Trump nor the sealing of EU borders will result in a retreat from globalization. Free trade and international investments are flourishing, says Professor Douglas A. Irwin.
At the end of April China reiterated its proposal to establish a free trade area with Ukraine. Its form and circumstances make it more like an ultimatum.
Prime Minister Arseniy Yatsenyuk is considering entering the path of a trade war with Russia, as it opposes the trade part of the EU-Ukraine Association Agreement which was initially supposed to become effective a year ago.