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Poroshenko noted a significant growth of trade turnover between Ukraine and Canada through the free trade agreement

The trade turnover between Ukraine and Canada in the entry into force of the agreement on free trade increased by 60%, stated the President of Ukraine Petro Poroshenko.

“In our relations with Canada had a lot of achievements. Entered into force the free trade agreement, which greatly accelerates and creates the best conditions for the development of trade and investment. We already have concrete results, because our bilateral trade increased by 60%,” – said Poroshenko in a statement to the press after a meeting with the Governor General of Canada, Pellett Julie (Julie Payette) in Lviv on Thursday.

He noted that Ukraine cooperates with Canada in various fields, and canadian partners are ready to share their experience.

“We are very ready to communicate effectively in all spheres”, – said the head Ukrainian state.

In particular, according to Poroshenko, Canada actively cooperates with Ukraine in the development of rural medicine .

As reported, the Agreement on free trade between Ukraine and Canada was signed in Kyiv on 11 July 2016. The Verkhovna Rada ratified it on 14 March 2017. President Petro Poroshenko has signed the law on ratification on 3 April 2017. 1 June 2017 the agreement was signed by the Governor General of Canada, after it was earlier approved by the House of Commons and the Senate.

The agreement came into force on 1 August. According to the Ukrainian Embassy, the document eliminates 98% of tariffs on exports to Canada of Ukrainian goods for canadian goods was immediately cancelled 72% of tariffs, and for seven years, duty-free exports will increase to 98%. Moreover, reciprocally open markets for public procurement. Separate sections of the agreement to protect electronic Commerce and intellectual property.

The Minister of foreign Affairs of Ukraine Pavlo Klimkin at the end of December 2017, provided data that Ukraine’s exports to Canada in 2017 increased by 76%, and imports from Canada by 93%.

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