Ukraine and Canada discussed the extension of the regime of cancelling all restrictions on the export of Ukrainian products to Canada, signing the updated Free Trade Agreement and supporting our country in joining the Trans-Pacific Partnership Agreement (CPTPP). This was discussed during the online meeting of First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yuliia Svyrydenko with Minister of International Trade, Export Promotion, Small Business and Economic Development of Canada Mary Ng.

“We sincerely thank Canada for the unprecedented support of Ukraine in the conditions of the ongoing military aggression of the russian federation. A year ago, Canada introduced a temporary liberalization of trade in goods, canceling all tariffs and quota requirements. Currently, the war is not over, and the Ukrainian economy needs support. Therefore, we ask Canada to consider the possibility of extending the regime of cancelling all tariffs and quotas on Ukrainian exports until the end of the war and, possibly, for the period of post-war recovery,” Yuliia Svyrydenko said.

According to her, Ukraine is counting on further liberalization of access to the Canadian market as a whole and at the provincial level.

Yuliia Svyrydenko expressed gratitude to Canada for supporting Ukraine’s intentions to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

In her turn, Mary Ng assured of Canada’s comprehensive support for Ukraine and promised that in the near future all formalities regarding the signing of the modernized Canada-Ukraine Free Trade Agreement will be completed. She also assured that Canada will support Ukraine in its aspiration to join the CPTPP agreement, since next year it will be Canada that will chair this organization.

We will remind that on April 11, Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Canada Justin Trudeau announced the completion of negotiations on the conclusion of an updated Free Trade Agreement between the two countries. This document should replace the existing Agreement, which has been in effect since 2017.

The New Agreement will allow the parties everything that is not prohibited. Guarantees for investors, as well as a system of investment protection, which is based on the most modern legal instruments, were prescribed separately.

One of the sections includes the Digital Trade Agreement, which outlines all the fundamental freedoms in this area.

In addition, the new Agreement regulates financial services, temporary entry for business persons, telecommunications, trade and gender, trade and small and medium-sized enterprises, as well as issues of trade and indigenous peoples. It will also include updated sections on rules and procedures of origin, competition policy, monopolies and state-owned enterprises, public procurement, environment, labor, transparency, anti-corruption and responsible business conduct.