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Canada–Ukraine Free Trade Agreement

From Wikipedia, the free encyclopedia

Canada–Ukraine Free Trade Agreement
TypeFree trade agreement
SignedJuly 11, 2016 (2016-07-11)
LocationKyiv, Ukraine
EffectiveAugust 1, 2017
Parties

Canada–Ukraine Free Trade Agreement (CUFTA, French: Accord de libre-échange Canada-Ukraine (ALECU), Ukrainian: Угода про вільну торгівлю між Україною та Канадою) is a free-trade agreement between Canada and Ukraine.[1][2][3] According to the agreement, the signing parties eliminate custom duties on essentially all goods produced in one country and imported to the other.

History

On September 22, 2009, talks began between Canada and Ukraine on a free trade agreement began, as announced by Minister of International Trade for Canada Stockwell Day.[4] Prime Minister of Ukraine Yulia Tymoshenko hoped for more effective cooperation with Canada once the trade deal was cemented.[5]

In July 2015 Prime Minister of Ukraine Arseniy Yatsenyuk and Canadian prime minister Stephen Harper the successful conclusion of the Canada-Ukraine Free Trade Agreement.[6]

The agreement was signed on 11 July 2016 in Kyiv, Ukraine, came into effect on 1 August 2017. The signing ceremony in Kyiv was attended by

The agreement entered into force on 1 August 2017 following its ratification in June 2017.[8] In early 2020 Canada began public consultations on modernizing of the agreement.[9] Canada and Ukraine announced new negotiations on modernizing CUFTA in January 2022.[8]

See also

References

  1. ^ "Canada-Ukraine Free Trade Agreement (CUFTA)". Global Affairs Canada (official site).
  2. ^ "Canada-Ukraine Free Trade Agreement, text of the Agreement (English language)". Global Affairs Canada (official site).
  3. ^ "Canada-Ukraine Free Trade Agreement, text of the Agreement (Ukrainian language)". Verkhovna Rada (parliament) of Ukraine (official site) (in Ukrainian).
  4. ^ Minister Day Announces Free Trade Talks with Ukraine, Government of Canada (September 22, 2009)
  5. ^ Tymoshenko hopes for more effective cooperation with Canada after creation of free trade area, Interfax-Ukraine (September 23, 2009)
  6. ^ Milewski, Terry (13 July 2015). "Canada-Ukraine trade deal announced by Arseniy Yatsenyuk, Stephen Harper". CBC.
  7. ^ "Canada signs Landmark Free Trade Agreement with Ukraine". pm.gc.ca. Prime Minister of Canada. 11 July 2016. Retrieved 2023-10-26.
  8. ^ a b Canada, Global Affairs (2022-01-26). "Canada-Ukraine Free Trade Agreement modernization". GAC. Retrieved 2023-01-29.
  9. ^ Canada, Global Affairs (2017-10-13). "Report: Public consultations on the possible modernization of the Canada-Ukraine Free Trade Agreement (CUFTA)". GAC. Retrieved 2023-01-29.
This page was last edited on 20 January 2024, at 14:40
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