Creation of a free trade zone between Ukraine and Canada will contribute to deepening of economic cooperation between the two countries. The Prime Minister of Ukraine Yulia Tymoshenko informed during her meeting with Minister of International Trade of Canada Stockwell Day.

Yulia Tymoshenko emphasized that Ukraine and Canada had to devise a new format of bilateral cooperation that envisages elaboration of joint projects the realization of which could grade crisis phenomena in economics of both countries.

Furthermore, Yulia Tymoshenko aired that the team of Ukrainian Government is into improvement of investment climate. According to her, Ukraine is concerned to deepen cooperation with Canada in energy, agriculture as well as to realize joint projects in space exploration domain.

Yulia Tymoshenko added one more priority line of cooperation between Ukraine and Canada appears collaboration in the area of health protection. “But I am convinced our cooperation in all branches of economics can be more effective if we build a free trade area between our countries,” the Head of Government underlined.

In his turn Stockwell Day noted that ministries of economics of Ukraine and Canada had already achieved understanding on launch of negotiation process into signing of Agreement on free trade zone between the two countries.

He also announced that it is significant for Canada to develop and deepen economic cooperation with Ukraine. The Minister of International Trade of Canada singled out the activity of the Government of Ukraine in the direction of search of environment-friendly alternative energy sources.

In addition, he stressed on the importance of realization of a joint Ukraine-Canada project in aerospace domain on launch of Ukrainian communication satellite. According to him, it is crucial this project to be realized before holding of the finals of European Football Championship of 2012.

Government portal

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