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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

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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

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References

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  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.
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