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ARTICLE · 08 MAY 2024

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A New Chapter In Canada Ukraine Free Trade Opens With Modernized CUFTA

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On March 19, 2024, Bill C-57, An Act to implement the 2023 Free Trade Agreement between Canada and Ukraine (the New CUFTA)...

CanadaInternational Law
Jessica Horwitz
Jessica Horwitz
Ashley M. White
Ashley M. White
Kateryna Korneliuk
Kateryna Korneliuk
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On March 19, 2024, Bill C-57, An Act to implement the 2023 Free Trade Agreement between Canada and Ukraine (the New CUFTA) received royal assent, introducing a modernized version of the Canada-Ukraine Free Trade Agreement. Negotiated against the backdrop of the ongoing Russian invasion of Ukraine, the New CUFTA aims to strengthen economic relations between Canada and Ukraine and create opportunities for economic development by further reducing barriers to reciprocal trade in goods and services. The updated Agreement will come into force on the first day of the second month after both parties have completed the necessary procedures to ratify, which will likely occur in 2024.

The New CUFTA is an update of the original agreement that entered into force on August 1, 2017, which included a provision (Article 19.2) that committed the parties to review, and potentially expand, the agreement within two years of its entry into force. Since the original agreement already

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