Current trends in government regulation of foreign economic activity
The present stage of economic development put forward the important task of adaptation of the existing system of regulation of foreign economic relations to the rules of the multilateral trading system and in compliance with the WTO obligations. The solution of such a problem requires a serious revision of the system of existing trade policy instruments, effective interaction between government and business in order to find the optimal mechanisms of domestic producer's interests promotion, without violating the conditions of fair competition and avoid the threat of retaliation. In this context the importance of the formation of a comprehensive strategy to acquire control of foreign trade activities, covering all areas of foreign policy that seeks to maximize the effective use of external factors in the interests of national economic development.