Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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Policy priorities for ensuring the economic security of the national machine-building complex for the development of the aquaculture product market and provision of state support for equipment

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УДК: 338.2:338.45:639.3:621

DOI: https://doi.org/10.36887/2524-0455-2024-5-8

Vdovenko Nataliia,
Doctor of Economic Sciences, Associate Professor, Head of the Department Faculty of Economics, Department of Global Economy,
National University of Life and Environmental Sciences of Ukraine,
https://orcid.org/0000-0003-0849-057X
Sharylo Yuriy,
Director, State Institution
«Methodical and Technological Center for Aquaculture»,
https://orcid.org/0000-0002-1069-6318
Shevel Oleksandr,
PhD Student of the Department of Global Economy,
National University of Life and Environmental Sciences of Ukraine,
https://orcid.org/0009-0000-6481-428X

The article is dedicated to examining state policy priorities in ensuring the economic security of the national machine-building complex to support the development of the aquaculture product market and to provide state assistance for equipment amidst severe financial and food security challenges. Scientifically substantiated amendments and modifications are proposed to the Law of Ukraine “On State Support for Agriculture of Ukraine,” No. 1877-IV of 24.06.2004, to enable mechanisms for state support in aquaculture, mainly through partial compensation for the purchase of machinery, mechanisms, and equipment for aquaculture production and processing. The proposal includes stabilizing and modernizing the production sector by offering state subsidies to reimburse aquaculture entities for up to 50% of the purchased aquaculture equipment, including technology for fish farming, hatcheries, fish processing, and logistics. The findings emphasize that state support is warranted, as market mechanisms alone cannot address the challenges due to the unique nature of aquaculture operations, limitations in the aquaculture sector, extended production cycles, and slow capital turnover (4.3 years). Additional challenges include restrictions related to ownership and use of primary production resources (lack of a fully functioning long-term land mortgage mechanism for water bodies, fragmented land plots), a high number of micro-producers reliant on a few suppliers and processors, significant impacts of military actions on aquaculture, dependency on external market conditions, and the practical inaccessibility of foreign markets for micro-producers. Calculations were based on actual figures for market fish sales in 2023 under Form 1A-Fish, indicating that total sales volume reached 9,676,871.3 kg, with an average price of 64.2 UAH per kg and a total sales value of 621,616.8 thousand UAH. Approximately 4,000 aquaculture entities operate in the market, split evenly between individual entrepreneurs and legal entities. Research results suggest that a comprehensive state policy is required to ensure the economic security of the machine-building sector by stimulating the domestic market, supporting innovation, and developing strategic sectors such as aquaculture.

Keywords: economic security, state policy, machine-building complex of the country, market, state support, aquaculture products, mechanism, regulation, hatchery and fish processing equipment, industry.

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The article was received 12.08.2024

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Vdovenko Nataliia, Sharylo Yuriy, Shevel Oleksandr. 12.08.2024. Policy priorities for ensuring the economic security of the national machine-building complex for the development of the aquaculture product market and provision of state support for equipment. The journal "Actual problems of innovative economy and law". 2024 / #5. 40-45pp. https://doi.org/10.36887/2524-0455-2024-5-8

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Vdovenko Nataliia, Sharylo Yuriy, Shevel Oleksandr. "Policy priorities for ensuring the economic security of the national machine-building complex for the development of the aquaculture product market and provision of state support for equipment". The journal "Actual problems of innovative economy and law". 12.08.2024. https://doi.org/10.36887/2524-0455-2024-5-8

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