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Senate of Canada ratifies agreement on free trade with Ukraine
23:45, 18 May 2017
Senate of Canada ratifies agreement on free trade with Ukraine

For the completion of ratification, only the signature of the Governor-General of Canada is needed

23:45, 18 May 2017

censor.net.ua

The Canadian Senate voted to ratify the free trade agreement with Ukraine. This was stated by Ukrainian ambassador to Canada Andriy Shevchenko in his Twitter.

"The great Ukrainian day in Canada continues: the Senate has just voted for the ratification of the Free Trade Agreement with Ukraine!" - wrote the ambassador.

He added that until the completion of the ratification, only the signature of the Governor-General of Canada is still needed.

Earlier, the Ukrainian Foreign Ministry officially informed Ottawa of Ukraine's final conclusion of the procedure for ratifying the free trade agreement between Ukraine and Canada.

The agreement was signed on July 11, 2016 during the visit of Canadian Prime Minister Justin Trudeau to Ukraine.

Since the entry into force of the agreement, Canada will open for Ukrainian exporters 98% of its market of goods that are the subject of bilateral trade. Given the different levels of economic and social development of Ukraine and Canada, the parties will apply the principle of asymmetric tariff obligations, which will allow Ukraine to adapt its trade precess with this country in free trade conditions.

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