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.
| Type | Free trade agreement |
|---|---|
| Signed | July 11, 2016 |
| Location | Kyiv, Ukraine |
| Effective | August 1, 2017 |
| Parties |
History
editOn 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
- Justin Trudeau (Prime Minister of Canada)
- Chrystia Freeland (Minister of International Trade (Canada))
- Petro Poroshenko (President of Ukraine)
- Volodymyr Groysman (Prime Minister of Ukraine)
- Stepan Kubiv (First Vice Prime Minister of Ukraine and Minister of Economic Development and Trade of Ukraine).[7]
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
editReferences
edit- ^ "Canada-Ukraine Free Trade Agreement (CUFTA)". Global Affairs Canada (official site).
- ^ "Canada-Ukraine Free Trade Agreement, text of the Agreement (English language)". Global Affairs Canada (official site).
- ^ "Canada-Ukraine Free Trade Agreement, text of the Agreement (Ukrainian language)". Verkhovna Rada (parliament) of Ukraine (official site) (in Ukrainian).
- ^ Minister Day Announces Free Trade Talks with Ukraine, Government of Canada (September 22, 2009)
- ^ Tymoshenko hopes for more effective cooperation with Canada after creation of free trade area, Interfax-Ukraine (September 23, 2009)
- ^ Milewski, Terry (13 July 2015). "Canada-Ukraine trade deal announced by Arseniy Yatsenyuk, Stephen Harper". CBC.
- ^ "Canada signs Landmark Free Trade Agreement with Ukraine". pm.gc.ca. Prime Minister of Canada. 11 July 2016. Retrieved 2023-10-26.
- ^ a b Canada, Global Affairs (2022-01-26). "Canada-Ukraine Free Trade Agreement modernization". GAC. Retrieved 2023-01-29.
- ^ 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.