The Department of Foreign Affairs, Trade and Development of Canada has notified the Embassy of Ukraine in Canada about the completion of the ratification process of the Free Trade Agreement between Ukraine and Canada.
Thus, the agreement will come into force on August 1.
The agreement was signed on July 11, 2016 during the visit of Canadian PM Justin Trudeau to Kyiv. Once the ratification procedures are completed by the Parliaments of both countries, Canada is to immediately abolish duties on 99.9% of Ukrainian imports. In turn, Ukraine is to immediately cancel 86% of duties on imports from Canada, for 7 years. (Ukrinform/Business World Magazine)