“Canada inks ‘milestone’ free trade agreement with Ukraine” [ dailysabah.com ]

Canadian Prime Minister Stephen Harper formally announced a “milestone” free trade agreement Tuesday with Ukraine, as its Prime Minister Arseniy Yatsenyuk visited Ottawa.

The agreement, which still must be ratified by both nations’ parliaments, will be implemented as soon as possible, Harper said in a statement.

With more than a million inhabitants claiming roots in Ukraine, Canada has made multiple supportive moves with Kiev since the 2014 revolution and Russia’s annexation of the Crimean Peninsula.

The agreement is expected to grow the Canadian GDP by Can$29.2 million (US$22.9 million) and Ukraine’s GDP by Can$18.6 million, according to evaluations by the Canadian government.

“Today’s conclusion of the Canada-Ukraine Free Trade Agreement is another milestone in the important relationship between our two countries,” Harper said.

Canada will eliminate tariffs on 99 percent of imports from Ukraine and increase exports to Ukraine by Can$41.2 million.

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