The Free Trade Agreement between Ukraine and Canada came into force on Tuesday, August 1. Earlier this was announced by Ukrainian ambassador to Canada, Andriy Shevchenko.
"Free trade between Ukraine and Canada will start on August 1. Canada made us a present for the Constitution Day: we received a government note on the completion of all internal procedures for the entry into force of the Free Trade Agreement. We have an ambivalent feeling: the finish and the start are two in one. This is a historical moment that sums up the enormous stratum of work of our diplomats and politicians, but this is also the beginning of a much more significant stage: the time to fill this Agreement with life - contracts, jobs and investments, "he noted.
As it was reported earlier First Vice Prime Minister - Minister of Economic Development and Trade Stepan Kubiv and Chrystia Freeland being the Minister of International Trade, have signed an agreement on free trade zone between Ukraine and Canada.
In a joint statement with the Canadian Prime Minister Justin Trudeau, President Poroshenko said that the agreement on free trade zone between Ukraine and Canada will take effect immediately, but implementation would last for 7 years.
Trudeau said that signing of the agreement "will facilitate the market access, create a more predictable trade regime." According to him, all barriers to trade matters and implementation of the agreement to be eliminated, and both countries would benefit from it. "It will create new opportunities, new jobs, and new markets for products; it will improve the living standards of our citizens. This is a new surge in the development of our economy," summed Trudeau.