The FTA with Canada could bring to the economy of Ukraine 200-300 million dollars, said Gaina

The agreement on free trade zone with Canada in the medium term will add to the economy of Ukraine is 200-300 million dollars.

On Monday 6 February announced the trade representative of Ukraine Nataliya Mykolska, transfers «RBC-Ukraine».

«It is the first agreement that we signed with the state of the North American continent. Moreover, Canada is a country with significant disposable income per capita, and its imports account for 2% of the total volume of imports,» she said.

In addition, Mykolska noted that the entry into force of the FTA with Canada means abolition of 98% of existing duties.

«We want within 5 years reach the figures ten times more than now. And now we have 26 million dollars. But we can go for the big numbers if we use all the terms provided by the agreement,» she said.

Recall, 17 November 2016, 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.

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 Also for certain canadian goods, quotas had been established, and some products were withdrawn from the scope of the agreement.




The FTA with Canada could bring to the economy of Ukraine 200-300 million dollars, said Gaina 06.02.2017

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Февраль 6th, 2017 by
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