The Verkhovna Rada ratified the agreement on the establishment of a free trade area between Ukraine and Canada (CUFTA), which will open for the Ukrainian producers free access to 98% of the Canadian market.
Today`s Parliament vote for a corresponding decision saw support of 272 MPs with a minimum threshold of 226 deputies required.
”The free trade agreement with Canada is the first document after the Ukraine-EU Association Agreement that covers such a large market. FTA opens opportunities for Ukrainian businesses. It will allow continued reorientation of Ukrainian enterprises to all markets except Russia,” First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv said while introducing the bill in Parliament.
Earlier, CUFTA was unanimously ratified by the Lower House of the Canadian Parliament December 14, 2016.
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