Wednesday , October 28 2020
Home / economy / Canada completed its ratification of the FTA with Ukraine

Canada completed its ratification of the FTA with Ukraine

Канада завершила ратификацию ЗСТ с УкраинойThe document will greatly simplify the import of Ukrainian goods to Canada.

The free trade agreement between Canada and Ukraine will earn on 1 August 2017.

This was reported by Ukrainian Ambassador Andriy Shevchenko.

“Canada has made a gift to us Constitution day: we received a government note on the completion of all domestic procedures for the entry into force of the Agreement on free trade”, – he wrote on his page in Facebook.

The Ambassador recalled that this day will be canceled 98% of tariffs on Ukrainian goods, which will arrive in Canada. For canadian goods immediately cancelled 72% of tariffs, and for 7 years duty-free exports will increase to 98%.

In addition, the mutually agreement opens public procurement markets and individual sections of the document to protect electronic Commerce and intellectual property.

We will remind that on may 19 the upper house of the Parliament of Canada voted to ratify a free trade zone with Ukraine. On the eve of Poroshenko has signed the law On ratification of the agreement on free trade between Ukraine and Canada.

It is expected that with the entry into force of the Agreement Canada will open for Ukrainian exporters 98% of the market of goods which are the subject of bilateral trade.

1 Jun Canada finally approved the document.

© 2017, paradox. All rights reserved.

Check Also

LA Mayor Garcetti crowned Covid-19 ‘dictator’ after shutting off utilities at TikTok star’s Hollywood party mansion

In a tweet, Garcetti announced that he had instructed the city to disconnect utility services …

Leave a Reply

Your email address will not be published. Required fields are marked *