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Canada and Ukraine finalize trade deal details

Published by Brad Fougere on July 14, 2015

Canadian Manufacturers & Exporters (CME) welcomes the conclusion of a free trade agreement between Canada and the Ukraine.

“The Ukraine market is important for a variety of Canadian exports, particularly in our agricultural and agricultural equipment sectors,” said Jayson Myers, CME’s president & CEO. “Finding new customers and new markets to grow business opportunities has become a priority for Canadian manufacturers and exporters.  An agreement with the Ukraine is an important follow-up to the conclusion of Canada’s Comprehensive Economic and Trade Agreement with the European Union.  It is an especially important step in helping to stabilize and support the Ukrainian economy.”

After six rounds of negotiations, Prime Minister Harper and Ukraine Prime Minister Arseniy Yatsenyuk announced that a deal had been reached in meetings today in Ottawa. Previously, on Sept. 17, 2014, Canada announced a $220.9 million loan to Ukraine, which was delivered by Export Development Canada as the agent for the Government of Canada.

“Canadian companies have a long history of exporting to Ukraine in sectors ranging from farm equipment, energy and natural resource development to transportation equipment and food products. Uncertain conditions due to political instability in recent years has curbed some of the potential between the two nations. We expect this deal will help in the recovery of the Ukrainian economy and provide new opportunities for Canadian exporters," Myers said.

More information on the Canada-Ukraine trade agreement

Found in: Free Trade

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