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.”
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.
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