President of Ukraine Petro Poroshenko has said that the ratification of the Free Trade Area Agreement (FTA) between Ukraine and Canada opens a symbolic transatlantic bridge of free trade.

"This is a historic moment for our bilateral trade with Canada, the country that systematically, on a permanent basis, supports Ukraine and helps in developing the economic potential of our state. This agreement opens a symbolic transatlantic bridge of free trade," the president said in a statement on ratification of the agreement, posted on the website of the president.

The president also noted that the entry into force of the Agreement will lead to the increase of foreign direct investment in Ukraine, creation of new jobs in construction, industry and trade, as well as duty-free access to 98% commodity positions on the Canadian market.

"Ratification and further entry into force of the FTA with Canada agreement will be an important signal for our international partners and potential investors around the world," he said.

The president said that the ratification of the Agreement provides for the "formation of the free-trade triangle Ukraine-Canada-EU, as the formation of the free trade area between Canada and the European Union is about to be completed, Poroshenko said.

Poroshenko also said that the agreement is a very important response to the Russian hybrid aggression, which threatens not only Ukraine, but also the EU countries, Canada and the whole Free World, which is the evidence of our unbroken transatlantic unity and solidarity. It is measured both by our sanctions front and by very important and necessary military assistance provided to Ukraine by partners, he said.

In this regard, he thanked Canada for the decision to extend the training mission for Ukrainian military personnel Unifier for another two years - until 2019.