Canada's Parliament approves updated free trade agreement with Ukraine
Kyiv • UNN
The Senate of Canada approved the updated free trade agreement with Ukraine, completing its ratification in Canada, which will facilitate trade between Ukrainian and Canadian companies and the recovery of Ukraine.
The Senate of Canada has approved an updated free trade agreement with Ukraine, Ukrainian Ambassador to Canada Yulia Kovaliv said on Wednesday, UNN reports.
The Senate of the Parliament of Canada has passed Bill C-57 in the third reading, which implements the modernized Free Trade Agreement between Ukraine and Canada (CUFTA), signed on September 22, 2023, during the visit of President of Ukraine Volodymyr Zelenskyy to Ottawa
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Earlier this year, in February, the House of Commons of the Canadian Parliament supported the agreement by a majority vote and sent it to the Senate for approval. "Next, the agreement will be sent to the Office of the Governor General of Canada for Royal Assent, which should complete the ratification process for CUFTA in Canada," the ambassador said.
"The modernized free trade agreement, which includes chapters on digital trade, financial services, and investment protection, will be an important tool to help Ukrainian companies enter the Canadian market and for Canadian companies to participate in the reconstruction," Kovaliv said.