Monday, July 11 2016 15:15 EEST
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Ukraine and Canada have signed a free trade agreement
Ukraine, Canada, Prime Minister, Justin Trudeau, visit, meeting, Poroshenko, politics, agreement, free trade, tariffs, products, goods, cooperation, business
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The ceremony took place in Kyiv on July 11

Ukraine and Canada sign free trade area agreement, in the presence of Ukrainian President Petro Poroshenko and Prime Minister of Canada Justin Trudeau, according to UNIAN.

Ukraine's Ministry of Economic Development and Trade estimates that the free trade agreement will clear the way for the removal of trade restrictions and complete abolition of trade tariffs for key groups of products within a grace period of three to seven years.

In particular, trade tariffs on fish, grains, wine, juices, baked goods, as well as clothing, metal products, and electrical components, will be abolished immediately after the agreement has entered into force.

Exempt from duties for the next three to seven years will be certain agricultural products, as well as construction materials and engineering products, including components for aircraft, cars and tractors.

In addition, the document provides an opportunity for Ukrainian and Canadian companies to participate in public procurements in both countries.

In addition, the document provides an opportunity for Ukrainian and Canadian companies to participate in public procurements in both countries.

On June 20, Toronto hosted the Ukrainian-Canadian business forum, which brought together more than 400 participants. A Ukrainian governmental delegation, headed by First Deputy Prime Minister Stepan Kubiv, reviewed the Ukrainian government's most important accomplishments in recent months, as well as plans for further deregulation and privatization.

The Canadian prime minister is currently on a two-day visit to Ukraine.

As reported earlier by 1492news.com, Euro Commission will provide 3 million euros and technical support to agriculture development in Ukraine.

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