The lower house of the Parliament of Canada ratified the agreement on free trade area with Ukraine – Gaina

Нижняя палата парламента Канады ратифицировала соглашение о ЗСТ с Украиной, - Микольская

Nataliya Mykolska, Deputy Minister of economic development and trade in the air “112 Ukraine”

The lower house of the Parliament of Canada unanimously supported the ratification of the agreement on free trade zone with Ukraine. About this on his page in Facebook said the Deputy Minister of economic development – trade representative of Ukraine Natalia Mykolskiy.

“The lower house of the Parliament of Canada unanimously supported the ratification of the agreement on free trade between Ukraine and Canada. 303 – for, 0 – against,” she said.

Now, Gaina, this legislative initiative must be ratified in the upper house of the Parliament of Canada – Senate.

“We work very closely with the Verkhovna Rada of Ukraine on the question of ratification,” she added.

We will remind, Ukraine and Canada signed an agreement on free trade zone on July 11 of this year. According to the President of Ukraine Petro Poroshenko, the agreement on the FTA with Canada will be implemented into the 7 years.

In the Ministry predict that since the entry into force of the agreement Canada will open for Ukrainian exporters 98% of its goods market, which is the subject of bilateral trade. Ukraine pledged to implement full liberalization since the entry into force of the agreement for 72% of goods, abolition of import duties with the use of transition periods of 3, 5 and 7 years for 27% of the products, partial liberalisation of sensitive agricultural products and so on.

Source