Ukraine, Canada sign free trade area agreement

13:24, 11.07.2016 1 min read

Ukraine and Canada on Monday signed a free trade area agreement.

An Interfax-Ukraine correspondent has reported that the agreement was signed in the presence of Ukrainian President Petro Poroshenko and Canadian Prime Minister Justin Trudeau who is staying with a two-day visit in Kyiv.

"This extremely important document would raise trade and economic relations between our countries to the new level," Kubiv wrote on his Facebook page before the signing of the agreement.

As reported, Ukraine and Canada signed an agreement on the completion of negotiations on the free trade area between the countries in July 2015. Then the document was translated into three official languages.

According to Ukraine's State Statistics Service, Ukrainian goods exports to Canada last year plunged by 58.3%, to $30.16 million, while imports grew by 7.7%, to $206.24 million.

Exports of services from Ukraine to Canada decreased by 23.2% last year, to $67.85 million, while imports – by 27.4%, to $57.32 million.