The agreement will abolish 98% of tariffs for Ukrainian goods exported to Canada from August 1, 72% of tariffs are immediately canceled for Canadian goods, and within 7 years duty-free exports will increase to 98%
The free trade agreement between Ukraine and Canada will work on August 1, 2017, according to the Canadian government note to the Ukrainian embassy, Ukraine’s ambassador to Canada Andriy Shevchenko said.
“Canada made its present to us on the day of the Constitution: we received a government note on the completion of all internal procedures for the entry into force of the Free Trade Agreement.” We have an ambivalent feeling: the finish and the start are two in one. “This is a historical moment that sums up the enormous stratum of work Our diplomats and politicians, but this is also the beginning of a much more significant stage: the time to fill this Agreement with life – contracts, jobs and investments, “A.Shevchenko wrote on his Facebook page.
The agreement on free trade between Ukraine and Canada was signed in Kiev on July 11, 2016. The Verkhovna Rada of Ukraine ratified it on March 14, 2017. President of Ukraine Petro Poroshenko signed the law on ratification on April 3, 2017.
“The Ministry of Foreign Affairs, Trade and Development (Canada – IF) is pleased to inform the Embassy of Ukraine in Canada about the completion of Canada’s internal procedures necessary for the Agreement to enter into force,” reads the note published by the Ukrainian embassy.
According to the report, the agreement will abolish 98% of tariffs for Ukrainian goods exported to Canada from August 1, 72% of tariffs are immediately canceled for Canadian goods, and within 7 years duty-free exports will increase to 98%.
In addition, the Agreement mutually opens the markets for public procurement.
Certain sections of the Agreement protect e-commerce and intellectual property.
“Over the past year, Canada and Ukraine have signed the Free Trade Agreement, the Defense Cooperation Agreement, and Canada has also extended the UNIFIER military training mission in Ukraine for two years,” the press service of the embassy said.