The Prime Minister of Canada Justin Trudeau and the Prime Minister of Ukraine Denys Shmyhal signed a declaration on expanding the Canada-Ukraine Free Trade Agreement in Toronto on April 11, 2023.
Source: The Prime Minister of Ukraine Denys Shmyhal, the Office of the Prime Minister of Canada
The Prime Minister of Ukraine said that the modernized agreement will help increase bilateral trade and open new economic opportunities for businesses.
“To strengthen our trade ties and help support Ukraine’s economic recovery, Prime Minister Trudeau and Prime Minister Shmyhal signed a joint declaration on the conclusion of negotiations for the modernization of the Canada-Ukraine Free Trade Agreement (CUFTA), and underscored the need to complete the processes to implement it as quickly as possible. A modernized CUFTA supports long-term security, stability, and economic development in Ukraine, as well as the creation of good middle-class jobs here in Canada,” reported the Office of the Prime Minister of Canada.
In addition, Canada and Ukraine concluded the Youth Mobility Agreement, which will facilitate travel and employment for young people from both countries.
“The Agreement further deepens the strong bonds between our peoples and our two countries. It will open up new opportunities for youth to work and travel, including opportunities for Canadian youth to help rebuild Ukraine once Russia withdraws its forces from the country,” added the Office of the Prime Minister of Canada.
See also: Canada announced a new defense aid package for Ukraine