Canada’s Minister of International Trade, Mary Ng, announced this week that Bill C-57, An Act to implement the 2023 Free Trade Agreement between Canada and Ukraine received Royal Assent.
“Receiving royal assent is an important step toward implementing the modernized Canada-Ukraine Free Trade Agreement (CUFTA) and an example of Canada’s unwavering commitment to Ukraine and its people,” said Minister Ng.
The modernized CUFTA includes dedicated new chapters and provisions on trade in services (including financial), investment, temporary entry for business persons, telecommunications, digital trade, labour and the environment, among other areas.
When in force, the modernized CUFTA will not only continue to provide preferential market access for merchandise trade, it will also establish ambitious new market-access terms for services trade and investment.