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Ukraine, Canada start talks on revising free trade zone agreement, - Economy Ministry

Source : 112 Ukraine

Other topical issues were discussed during the negotiations
08:04, 4 November 2021

censor.net.ua

Ukraine and Canada begin negotiations on revising the provisions of the free trade zone agreement as the Economy Ministry of Ukraine reported referring to a meeting between the Ambassador of Canada Larisa Galadza and the then First Vice Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko.

“Important steps have been introduced - laws on investment nannies, industrial parks. By the way, in the coming days the Verkhovna Rada in the second reading will consider bills that will provide industrial parks with investment content - tax incentives, the possibility of importing equipment, connecting communications and more. A completely new investment environment is being created,” Lyubchenko said.

Related: Open Skies agreement will deepen Ukraine’s European integration

According to Larisa Galadza, the Ukraine-2030 National Strategy approved by Ukrainian President Volodymyr Zelensky is an important political document. It defines the prospects for Ukraine's development in terms of diplomacy and investment.

During the meeting, the parties agreed to start negotiations on the revision of the Free Trade Agreement with the aim of analyzing the further development and deepening of its provisions and extending its action to areas that are not covered by it, in particular, such as cross-border trade in services, financial services, investments, telecommunications, temporary stay, and other subject areas.

Related: Ukraine’s govt approves agreement with UAE on cooperation in combating crime and terrorism

They also discussed topical issues of judicial reform in Ukraine, the continuation of the corporate governance reform and selection processes for representatives of supervisory boards in enterprises important for the economy, issues of privatization, energy efficiency.

As we reported, Ukraine and Turkey hope to conclude a free trade agreement in February 2022.

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