Poroshenko submitted the draft law on ratification of the Agreement on the FTA with Canada

The President of Ukraine Petro Poroshenko submitted for review and approval by the Verkhovna Rada of Ukraine the draft law «On ratification of the Agreement on free trade zone between Ukraine and Canada,» defining the status of the document as urgent.

As reported in the press service of the head of state, implementation of the document will allow the Ukrainian producers to the advantages of duty-free access to the canadian market.

«Document will open up opportunities for Ukrainian business, how to expand markets, and for the development and modernization of its own production in order to increase competitiveness (the Ukrainian goods – ed.) in new markets, and create new jobs,» — said the press service.

The document, as noted, will come into force one month after the completion of all legal procedures by both countries.

As reported, the government of Canada on September 19 submitted for ratification to the Parliament the Agreement on free trade zone with Ukraine.

Canada in the framework of the Agreement on free trade area with Ukraine will provide technical assistance for the modernization of the Ukrainian industry.

The agreement provided for asymmetrical liberalization of markets for goods to protect domestic producers in sensitive areas. in chasnosti, after the entry into force of the agreement the canadian side will open 98% of the market, while Ukraine will abolish tariffs for almost 80% of canadian exports of goods with the subsequent elimination of other tariffs over the next 3, 5 and 7 years. Also for certain canadian goods, quotas had been established, and some products were withdrawn from the scope of the agreement.




Poroshenko submitted the draft law on ratification of the Agreement on the FTA with Canada 17.11.2016

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Ноябрь 17th, 2016 by
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