July 15, 2016
The governments of Canada and Ukraine announced a year ago that they had successfully concluded negotiations on a mutual free trade agreement.
In a further step towards implementation, Canada's International Trade Minister, Chrystia Freeland, and Ukraine's Minister of Economic Development and Trade, Stepan Kubiv, signed the Canada-Ukraine Free Trade Agreement (CUFTA) in Kyiv during Prime Minister Trudeau's first official visit to Ukraine.
Canada and Ukraine will eliminate customs duties on a majority of their mutual imports as soon as the agreement comes into force.
The CUFTA features chapters on market access for goods, rules of origin and origin procedures, trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, emergency action and trade remedies, intellectual property, government procurement, competition policy and monopoly and state enterprises, electronic commerce, labour, the environment, trade-related cooperation, and institutional provisions, including those related to transparency and dispute settlement.
Now that the agreement has been signed, Canada and Ukraine will go through their respective domestic legislative processes to ratify and implement the agreement.
Link: Canada-Ukraine Free Trade Agreement (CUFTA)