8 February 2022
Canadian Custom Brokerage

Canada and Ukraine will negotiate modernization of current FTA

Trade ministers from Canada and Ukraine announced that will proceed with negotiations on the modernization of the Canada-Ukraine Free Trade Agreement (CUFTA), with the first round of modernization negotiations to take place as soon as feasible.

A modernized CUFTA will further expand Canada and Ukraine’s commercial ties, building on the over $300 million in bilateral trade between the two countries in 2020. The modernization of CUFTA will also contribute to Ukraine’s stability and broad-based economic development.

CUFTA entered into force on August 1, 2017.

Canada undertook public consultations in early 2020 on the possible modernization of CUFTA and published a report of the findings in May 2020.

Link: Joint statement on the launch of negotiations to modernize the Canada-Ukraine Free Trade Agreement

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