Canadian Prime Minister Justin Trudeau said signing the agreement on free trade area (FTA) by Ukraine and Canada will give boost of development of both countries' economies.

"Canada and Ukraine have brought their negotiations on the FTA Agreement to a conclusion. As a result of these negotiations, we have reached the final completion of all the legal aspects of the agreement," Trudeau said in a joint statement with the President of Ukraine Petro Poroshenko in Kyiv on Monday.

The Canadian prime minister stressed that the agreement signing would facilitate access to the market and create a more predictable trade regime. According to him, all the barriers in trade matters will be eliminated and agreement implementation will benefit both countries.

"This will create new opportunities and new jobs for the people of the two countries and create new markets for goods and will contribute to the growth of living standards of our citizens. This is a new surge of development of our economies," Trudeau said.