REUTERS
Ukraine's Trade Envoy Nataliya Mykolska says Ukraine expects the launch of a free trade area (FTA) with Canada in August this year, as the Canada-Ukraine FTA (CUFTA) agreement has been ratified by both countries' parliaments.
"The Governor-General [of Canada] signed an agreement on the free trade area between Ukraine and Canada, after my meeting with the Canadian Deputy Minister of Trade, while I was en route from Ottawa to Toronto. This means that Ukrainian producers will soon receive additional opportunities, such as a zero rate for 98% of goods of Ukrainian origin. Therefore, we will do our best to ensure that the final procedures take place as soon as possible and the agreement comes into effect in August this year," Mykolska wrote on Facebook on Friday.
As UNIAN reported, Canada on June 2 completed the CUFTA ratification procedures after Ukraine.
Read alsoRada ratifies Canada-Ukraine FTAAs soon as the CUFTA comes into force, Ukraine will be able to boost its exports to that country by $0.6 million annually and expect additional investment in the medium term, according to Ukraine's Economic Development.