Ukraine and Canada sign free trade agreement
Ukraine and Canada have signed a free trade agreement. The Canadian Minister of International Trade, Chrystia Freeland, and First Vice Prime Minister of Ukraine and the Minister of Economic Development and Trade, Stepan Kubiv, signed the agreement. Ukrainian President Petro Poroshenko noted that the work to expand this agreement will start immediately. According to him, the Free Trade agreement will come into force immediately but will be implemented over the next seven years.
In July 2015, Ukraine and Canada signed the initial document on the free trade zone between the two counties. The legal validation and translation of this document started right after. According to the Ukrainian Government's statistics agency, Ukrainian exports to Canada have shrunk by 2.4 times - $30.16 million in 2015. The import from Canada increased by 7.7% - $206.24 million.
Canadian Prime Minister Justin Trudeau is currently visiting Ukraine on an official state visit.