OTTAWA (ANTARA) – The Canadian Minister of Commerce announced Tuesday (17/10) that a trade mission would be sent to Ukraine in 2024 to rebuild the economy of this Eastern European country.

Introducing modernized Canada-Ukraine Free Trade Agreement (CUFTA) legislation to the Canadian House of Commons, Canadian Minister of Export Promotion, International Trade and Economic Development Mary Ng said the mission will build on the foundations of the agreement to create links between the two countries. companies from different countries and prepare Canadian companies to support the reconstruction of Ukraine.

“This modernized CUFTA marks an important milestone in Canada-Ukraine relations, opening up greater collaboration for our businesses and the ability to support Ukraine’s economic reconstruction while providing benefits to Canadians at home” , Ng said, reported by Xinhua on Wednesday.

Canadian Prime Minister Justin Trudeau and Ukrainian President Volodymyr Zelensky signed the modernized CFTAF on September 22 in Ottawa, which includes, among other things, several new chapters and provisions concerning trade in services, investment, entry permits temporary for businessmen, telecommunications and digital commerce. , work and the environment.

According to Global Affairs Canada, the original CUFTA agreement, which came into force on August 1, 2017, immediately eliminated 86% tariffs on exports of Canadian goods to Ukraine. In 2021, the total value of trade between the two countries reached its highest level in history, namely 447 million Canadian dollars (1 Canadian dollar = 11,533 IDR) and fell to 422 million Canadian dollars in 2022.