Arseniy Yatsenyuk: FTA with Canada is a real opportunity to increase the volume of mutual trade and investments

The agreement on creation of free trade area between Ukraine and Canada – "it's not just a chance, it is a real opportunity to increase the volume of mutual trade and mutual investments," stressed Prime Minister of Ukraine Arseniy Yatsenyuk in an interview with journalists after the signing of the document on completion of negotiations on FTA with Canada in Ottawa on Tuesday, July 14.

Arseniy Yatsenyuk stressed that this is the first document concerning free trade inked after the Agreement with the European Union on creating FTA: "Also this is the first agreement with the G7 country."

The Prime Minister said that under the agreement Canada opens its market for Ukrainian goods to 98%, Ukraine for Canadian to 70%: "And we have a transitional period of up to seven years in order to give an opportunity to the Ukrainian economy to adapt and become competitive."

Arseniy Yatsenyuk added that Canada opens the market for finished goods from Ukraine, for food products and industrial products: "Russia has closed the market for industrial products, Canada has opened".

In addition, according to the PM, Canada will provide Ukraine with technical assistance, "to make the Ukrainian industry competitive": "It will give the opportunity not only to enter the Canadian market, but also enter other markets around the world".