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Government begins implementation process of Canada-Ukraine free trade agreement

November 3, 2016

Minister of International Trade Chrystia Freeland introduced legislation in the House of Commons to implement the Canada-Ukraine Free Trade Agreement (CUFTA). The legislation will be subject to all required stages of the legislative process.

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.

When the agreement enters into force, Canada will immediately eliminate duties on 99.9 percent of imports from Ukraine. Similarly, Ukraine will eliminate tariffs on approximately 86 percent of Canadian exports, with the balance of tariff concessions to be implemented over a period of up to seven years. CUFTA will thus eliminate essentially all tariffs on goods currently traded between Canada and Ukraine.

Link: Canada-Ukraine Free Trade Agreement (CUFTA)

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