KYIV. Feb 7 (Interfax-Ukraine) – Ukraine intends to increase tenfold its exports to Canada over the next five years, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has said.
“If we talk about cancelling import duties, and we have a great desire to do this, then during the course of five years export volumes will increase tenfold, compared to current levels. Over 11 months in 2016 exports from Ukraine to Canada amounted to $26.2 million. This is not an indication of the potential,” Mykolska said during a roundtable meeting in the Verkhovna Rada of Ukraine.
Ukraine’s Ministry of Economic Development and Trade has said in 2015 Ukrainian exports to Canada were worth $30.2 million, while Ukraine imported $206.3 million worth of goods.
As earlier reported, in December Canada’s lower house of parliament supported ratification of an agreement on a free trade zone with Ukraine. The legislative initiative still needs to be ratified by Canada’s Senate.
