CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Canada Legislates To Implement Ukraine FTA

Canada Legislates To Implement Ukraine FTA

by Mike Godfrey,, Washington

04 November 2016

The Canadian Government has introduced legislation to implement a free trade agreement with Ukraine.

Legislation was introduced to the House of Commons on November 3. The Government said it was committed to the timely ratification of CUFTA to ensure that Canadians and Ukrainians can take advantage of its benefits as soon as possible.

CUFTA was signed in July. When it enters into force, Canada will immediately eliminate duties on 99.9 percent of imports from Ukraine. Ukraine will eliminate tariffs on approximately 86 percent of Canadian exports, with the balance of tariff concessions to be implemented over a period of up to seven years.

Canada excluded all over-quota tariffs for supply-managed products (i.e. dairy, poultry, and eggs) from the tariff elimination process, and import quotas for these products will not be increased.

Bilateral trade between Canada and Ukraine increased by 14 percent in 2015, and was worth almost CAD278m. Canadian exports to Ukraine totaled approximately CAD210m.

Trade Minister Chrystia Freeland said: "We are one step closer to being able to reap the benefits of the Canada-Ukraine Free Trade Agreement, which will generate opportunities for Canadians and Ukrainians alike. It will boost our economies, spur innovation, and strengthen the middle class and those working hard to join it."

This week, Freeland also introduced implementing legislation for the long-awaited Comprehensive Economic and Trade Agreement (CETA) with the European Union.

TAGS: free trade agreement (FTA) | tariffs | trade treaty | agreements | legislation | Canada | trade | European Union (EU) | Ukraine | Europe

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »