Canada to allocate US$30 mln to support Ukraine businesses

The Ukrainian-Canadian ad hoc group is supposed to work out a joint decision to define priority areas of aid.

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First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv says Canada will allocate US$30 million in aid to support Ukrainian businesses.

"The funds will be used to support Ukrainian businesses and entrepreneurs. The Ukrainian-Canadian ad hoc group should work out a joint decision on priority areas. One of them is support for the development of women's entrepreneurship in Ukraine," he wrote on Facebook, following a meeting with Canada's Minister of International Development and Francophone Marie-Claude Bibeau.

As UNIAN reported earlier, the next Ukraine Reform Conference would be held in Canada.

The Canada-Ukraine Free Trade Agreement (CUFTA) came into force on August 1, 2017.

The agreement removed 98% of trade restrictions and customs duties in mutual trade between the two countries.

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