The Ukroboronprom State Concern welcomes the ratification of the Free Trade Agreement (FTA) between Canada and Ukraine by Ukrainian parliament and expects that the implementation of the agreement would bring cooperation between the two countries to the new level.

"The FTA would help to bring our relations to the new level and implement some new mutually beneficial projects," the concern said last week in a press release.

Ukroboronprom expects that duty free access of Ukrainian defense enterprises to the Canadian market would relax purchase of Canadian spare parts for military products and opens new opportunities for Ukraine's participation in Canadian defense tenders.

The aerospace sector is among promising directions of defense cooperation that would be expanded after the implementation of the FTA.

"Ukraine and Canada aim at developing cooperation in aircraft building. High-tech equipment supplies in the aviation, aerospace, shipbuilding spheres, for electronic, radioelectronic, optical, optoelectronic systems and devices will be increased. It is planned to expand the supply of components, raw materials, for aviation primarily," the press service said.

Ukroboronprom said that the implementation of the FTA between Ukraine and Canada would also open new opportunities for developing Ukrainian defense enterprises and expanding markets for defense products.