The Senate of Canada has given its final approval to the bill implementing the updated Canada-Ukraine Free Trade Agreement (CUFTA), as announced by the Ukrainian Ambassador to Canada, Yulia Kovaliv.
The modernized agreement was signed on September 22, 2023, during the visit of Ukrainian President Volodymyr Zelenskyi to Ottawa.
Earlier in February, the House of Commons of the Parliament of Canada endorsed the agreement with a majority vote, forwarding it to the Senate for its approval.
The next step requires approval from the Governor General of Canada, which will officially complete the CUFTA ratification process in the country.
"The modernized Free Trade Agreement, which includes sections on digital trade, financial services and investment protection, will be an important tool for assisting Ukrainian companies in entering the Canadian market and for the participation of Canadian companies in reconstruction," the ambassador noted.
This update follows the introduction of the revised free trade agreement to the parliament by Canada's Minister of Foreign Trade, Mary Ing, in October of the previous year.
