Prime Minister Stephen Harper announced on July 14, 2015 that Canada and Ukraine have successfully concluded negotiations of the Canada-Ukraine Free Trade Agreement (CUFTA).
The CUFTA features chapters on market access for goods, rules of origin and origin procedures, trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, emergency action and trade remedies, intellectual property, government procurement, competition policy and monopoly and state enterprises, electronic commerce, labour, the environment, trade-related cooperation and institutional provisions, including those related to transparency and dispute settlement.
Total bilateral merchandise trade between Canada and Ukraine averaged $347 million in 2011-2013, and is expected to expand by 19 per cent as a result of the implementation of this trade agreement. Canada’s gross domestic product (GDP) would increase by $29.2 million under this trade agreement; Ukraine’s GDP would expand by $18.6 million.
Canada’s exports to Ukraine would increase by $41.2 million. Canada’s export gains would be broad-based with exports of pork, machinery and equipment, transport equipment, motor vehicles and parts, other manufactured products and chemical products leading the way.
Ukraine would also see an expansion in exports to Canada by $23.7 million under this trade deal, with export gains highly concentrated in textile and apparels as well as metal products.
Key highlights for pork and pork products:
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Under the CUFTA, Ukraine will eliminate the vast majority of its agricultural tariffs. Key agricultural products benefiting from this duty-free access include beef, fresh and chilled pork, pulses, grains, canola oil, processed foods, and animal feed. Frozen pork will benefit from a large duty-free tariff rate quota that exceeds, by a wide margin, Canada’s current exports to Ukraine.
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The Agreement contains a range of disciplines and commitments pertaining to non-tariff measures that will help ensure that market access gains are not constrained by unjustified trade barriers.
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The Agreement contains commitments related to trade facilitation designed to reduce red tape at the border.
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Canadian pork exporters will benefit from duty-free access on fresh and chilled pork, and from a large duty-free tariff rate quota for frozen pork and certain pork offals and fats, which will increase from 10,000 tonnes to 20,000 tonnes over seven years.
Canada and Ukraine will now complete their respective domestic processes, aiming to have the Agreement in force as soon as possible, to the benefit of a stronger Canada-Ukraine economic partnership.
See more at : http://www.pm.gc.ca/eng/news/2015/07/14/canada-ukraine-free-trade-agreement#sthash.dn3CA3n6.dpuf
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