July 11, 2016. KYIV. The Ukrainian Canadian Congress (UCC) welcomes today’s signature of the historic Canada-Ukraine Free Trade Agreement (CUFTA), which launches a new chapter in relations between Canada and Ukraine. The CUFTA was signed during the official visit to Ukraine of Canada’s Prime Minister, the Right Honourable Justin Trudeau, taking place July 11-12.
“The Canada-Ukraine Free Trade Agreement represents a significant milestone in the relationship between Canada and Ukraine,” stated Prime Minister Trudeau. “It will bolster our economies, spur innovation, and lead to long term benefits for the middle class and those working hard to join it.”
Prime Minister Trudeau, President Poroshenko, Prime Minister Groysman, Canada’s Minister of International Trade the Hon. Chrystia Freeland and First Vice Prime Minister of Ukraine Stepan Kubiv at the Canada Ukraine Free Trade Agreement Signing Ceremony
The average annual bilateral trade between the two countries (2011-14) was $347 million. The CUFTA is an important opportunity to significantly increase this trade, to the benefit of the economies of both Canada and Ukraine. The agreement includes the phase-out of tariffs to create a duty-free environment. It includes the elimination of tariff and non-tariff barriers; protection of intellectual property; environmental and labour standards; and provides enhanced market access for goods and services.
More information on the CUFTA is available here:http://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/ukraine/index.aspx?lang=eng
“I congratulate Canada and Ukraine on the signature of this historic deal, a win-win for both our countries,” stated UCC National President Paul Grod, who is leading a delegation of Ukrainian Canadian community leaders accompanying Prime Minister Trudeau during his visit to Ukraine. “This deal will open up significant trade and investment opportunities between Canada and Ukraine, and provide stimulus for further important economic reforms in Ukraine.”
For the release from the Prime Minister on the signature of the CUFTA, please see here: http://pm.gc.ca/eng/news/2016/07/11/canada-signs-landmark-free-trade-agreement-ukraine