Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Ukraine and Canada strengthen economic ties with updated trade agreement

The updated Free Trade Agreement between Ukraine and Canada, effective 1 July, aims to bolster economic cooperation while addressing unique regional concerns.
canada ukraine
Canadian and Ukrainian flags. Illustrative image: chamber.ca
Ukraine and Canada strengthen economic ties with updated trade agreement

The Ministry of Economy of Ukraine reports that an updated Free Trade Agreement between Ukraine and Canada (CUFTA) will come into force on 1 July.

The agreement aims to strengthen the bilateral economic partnership.

According to the ministry, the revised CUFTA “will benefit workers, businesses and consumers in both countries, enhancing trade and economic cooperation between Canada and Ukraine.”

The agreement maintains market access conditions for goods from the 2017 agreement and has been updated to include sections on investments, services, and inclusive trade.

“Canada is committed to strengthening its relations with Ukraine, supporting its security and stability,” the statement emphasizes.

First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko highlighted a unique aspect of the agreement: “The updated CUFTA is the first free trade agreement that pays special attention to Crimea and Crimean Tatars and strengthens the role of indigenous peoples in the economy and international trade.”

The document is based on the standards of the Canada-United States-Mexico Agreement and the Trans-Pacific Partnership Agreement, which Ukraine is preparing to join.

The ministry notes that Canada will provide Ukraine with another concessional loan of 400 million Canadian dollars (about $307 million) this year.

Canada is allocating 76 million Canadian dollars ($ 55.7 million US) to a German-led initiative to rapidly supply Ukraine with air defense systems to repel Russian attacks.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts