Canada’s opposition urges government to join Marshall Plan for Ukraine

Source : 112 Ukraine

According to the politician James Bezan, the plan will help Ukraine to obtain the necessary investment for economic growth
10:59, 23 January 2018

Open source

The Shadow Defense Minister of the opposition Conservative Party of Canada, James Bezan, called on the current government of Justin Trudeau to join international support for Ukraine within the framework of the "Marshall Plan." He wrote this on his Facebook page.

“The Conservative Party of Canada believes in principle-based foreign policy and in keeping with our greatest tradition of offering a hand to those seeking peace, freedom, and security. We call on the Trudeau government to support the long-term support package for Ukraine proposed by Lithuania, in partnership with the European Union," Bezan wrote.

According to the politician, the plan will help Ukraine to obtain the necessary investment for economic growth.

 “The proposed package will strengthen Ukraine’s ties to its allies in the West and provide much-needed investment for both economic development and political reform. Canada must work in concert with the European Union and NATO to support Ukraine and hold the Russian government accountable for their illegal activities in Ukraine,” he noted.

Related: Why EU's "Marshall Plan" is not for Ukraine only

As it was reported earlier a new European investment plan for Ukraine has been presented in Lithuania on November 7, 2017. It is often called the ‘Marshall Plan for Ukraine’ – a clear reference to the program of the U.S. comprehensive economic assistance for Europe, aiming to restore the European economy and infrastructure after WWII.

The 10 years-long Marshall Plan for Ukraine foresees considerable investments – up to 5 billion Euros annually – into the Ukrainian economy, which would boost its development. Authors of the document suppose that at such rate of the economic growth, the country’s annual GPD growth will be making from 6 to eight percent. In return, Ukraine must successfully carry on with the reforms.

Related: Marshall Plan can be presented by Poroshenko at Eastern Partnership summit

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