Ukraine-Canada free trade deal to come into force on Aug 1

Ukraine-Canada free trade deal to come into force on Aug 1"On Tuesday, August 1, free trade between Ukraine and Canada officially starts: our free trade agreement will come into force," Ukraine's embassy in Canada quotes Ukrainian ambassador to Canada Andriy Shevchenko as saying.

The agreement from August 1 will cancel 98% of tariffs on Ukrainian exports to Canada and 72% of tariffs from Canada to Ukraine. Over the next seven years, the latter will increase to 98%. Moreover, markets for state purchases are also included. Parts of the agreement safeguard electronic commerce and intellectual property rights.

Read also: Law on Ukraine-Canada free trade deal comes into force in Ukraine

The trade agreement between Canada and Ukraine was signed in Kyiv on July 11, 2016. Ukraine's Verkhovna Rada ratified the deal on March 14, 2017. Ukrainian President Petro Poroshenko signed the law on ratification on April 3, 2017.
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