The Senate of Canada has completed the process of ratification of the new Ukraine-Canada Free Trade Zone (CUFTA), which passed the third reading.. The Ambassador of Ukraine to Canada Yulia Kovaliv told about this.

“The Senate of the Canadian Parliament passed Bill C-57 on its third reading, which implements the modernization of the Canada-Ukraine Free Trade Agreement (CUFTA),” she wrote..

The updated document, which was signed on 22 June 2023 at the hour of the visit of the Ukrainian leader Volodymyr Zelensky to Ottawa, previously withdrew support from the Chamber of Canadian Communities and was sent to the Senate for final approval.

In the near future, the “Royal Assent” will be reclaimed from the Governor General of Canada, so it remains necessary to complete the ratification procedure for free trade in Canada.

CUFTA has been updated, which now promotes the areas of digital commerce, financial services and investment protection, playing a key role in the majority of Ukrainian enterprises to enter the Canadian market and receive Canadian investors and before the renewal of Ukraine.

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