On August 1, 2017, the Canada-Ukraine Free Trade Agreement (“CUFTA”) enters into effect. The CUFTA is a trade in goods agreement (that is, it does not cover services and investment). Canada has agreed to reduce most customs duty rates to “free” or 0% immediately upon implementation on goods that meet the rules of origin.
On June 1, 2017, the Canada- Ukraine Free Trade Agreement Implementation Act (Bill C-31) received Royal Asset in Canada’s Hose of Commons. On May 18, 2017, Bill C-31 passed third reading in Canada’s Senate. On February 14, 2017, Bill C-31 passed third reading in Canada’s House of Commons. The remaining step is ratification by Canada
On July 14, 2015, Canada and Ukraine signed the Canada-Ukraine Free Trade Agreement (the “CUFTA”). As at January 1, 2016, Canada has not released the test of the CUFTA. Also, on January 1, 2016, the Ukraine-EU Free Trade Agreement came into effect. This means that Canada is behind the larger EU. This means that
When I say that the Canada-Ukraine Free Trade Agreement “should be ratified in 2016”, it is an opinion that it would be beneficial for ratification to occur. I do not have any inside knowledge about the new Trudeau Government’s plans. In fact, we have heard very little from PM Justin Trudeau or Canada’s new Trade