The prospects of trade development and cooperation between Canada and Ukraine were discussed during a meeting between the representatives of the Ministry of Agrarian Policy of Ukraine and Ambassador of Canada to Ukraine Roman Waschuk.
Ukraine has increased the export of agricultural products to Canada almost twice. According to the acting Minister of Agrarian Policy Olga Trofimtseva, Ukraine exported agricultural products to Canada in 2018 in the amount of $ 9.9 million, while in 2016 it was only $ 4.9 million.
Import of agrarian products and food from Canada was estimated at $ 49.9 million in 2018. “Again, as I often point out, these figures are too small and do not reflect the opportunities of bilateral trade in agribusiness among our countries. Therefore, the main directions of work for us in the near future are increasing trade volumes and diversification, “Olga Trofimtseva said.
Ukrainian producers have substantially expanded the export of agrarian products in certain areas, in particular:
- juices – $ 5.7 million (↑ 140%)
- chocolate – $ 330 thousand (↑ 40%)
- sugar confectionery – $ 160 thousand (↑ 32%)
- water with sugar – $ 260 thousand (↑ 50%)
According to Olga Trofimtseva, in 2018, thanks to the Canada-Ukraine free trade agreement (CUFTA) Ukraine started to export to Canada such products as:
- dried fish
- frozen fruits and vegetables
- dried vegetables
- some oilseeds.
“My position is that trade is only part of bilateral cooperation in the agricultural sector. Therefore, the important issues in cooperation between Ukraine and Canada will be projects in the field of education and research, including such areas as bioeconomy and green economy, as well as cooperation in the field of agrotechnologies, “- Olga Trofimtseva said.
The Canada-Ukraine Free Trade Agreement (CUFTA) entered into force on August 1, 2017, and opened customs-free access to 98% of Canada’s market for Ukrainian companies. Canada’s situation is more complex. The duties were eliminated only for 72% of Canadian goods. The duties for the rest of 27% will be gradually reduced in compliance with transition periods – 3, 5, and 7 years.