: Ukraine and Canada ink Free Trade Agreement in Kyiv
Politics15:26 Jul. 11, 2016

Ukraine and Canada ink Free Trade Agreement in Kyiv

Ukrainian President and Canadian Prime Minister attend the signing ceremony

Stepan Kubiv, Ukraine's Economic Development and Trade Minister, and Chrystia Freeland, Canada's International Trade Minister, put their signatures under the Free Trade Pact between the two countries on July 11.

Read also Canada's PM arrives in Kyiv

This is according to Ukraine's Economic Development and Trade Ministry official statement.

Negotiations on a free trade area between Ukraine and Canada were launched in 2009, but finalized in 2015.

Read also Ukrainian PM: Canada and Ukraine plan to sign and ratify free trade deal this year

"Canada has always been a reliable partner of Ukraine during these hard times", Ukraine's President Petro Poroshenko said commenting on the signing of the agreement.

"I want to thank the whole Canadian nation. You've been together with us", Poroshenko stated"We have taken a big step forward today - we have signed the Free Trade Agreement. That is the obligation to lift 99% of customs duties for mutual trade within seven years. The Canada-Ukraine Free Trade Agreement offers new opportunities for both nations. We will continue negotiations to expand scope of the agreement."

Read also Ukraine and Canada ink memorandum on export support, trade and investment

Justin Trudeau, Canada's PM, says the dialogue with the Ukrainian President was highly constructive.

"The agreement signing will allow us to substantially enhance mutual trade between the countries. The document will open new markets and new opportunities for citizens of both countries", Trudeau declared.

The Canadian Prime-Minister pays a visit to Ukraine on July 11-12. He plans to hold meetings with Ukraine's President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Chairman Andriy Parubiy.  

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