Ukraine has expanded the Free Trade Agreement with Canada and will receive another $500M in military aid.

Monday, September 25, 2023
Ukraine has expanded the Free Trade Agreement with Canada and will receive another $500M in military aid.

Ukrainian President Volodymyr Zelenskyy and Canadian Prime Minister Justin Trudeau have signed an updated Free Trade Agreement. The expanded agreement includes additional positions regarding the liberalization of investments and trade, mainly the export of services. It is also envisaged to extend the scope of the agreement to goods with components from the EU, Britain, and Israel, which will expand the involvement of Ukrainian manufacturers in global supply chains.

In addition, Canada will allocate CAD 650M for defensive assistance to Ukraine over three years. The aid will comprise about 50 armored vehicles, including evacuation vehicles built in Canada.

The country will also send experts to train Ukrainian personnel on the use and maintainance of F-16 aircraft.

Canada also promises Ukraine substantial macroeconomic assistance in 2024 and to expand sanctions against Russia.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Washington demands an explanation from Warsaw regarding the suspension of military support to Ukraine.

Washington demands an explanation from Warsaw regarding the suspension of military support to Ukraine.

Next post
Ukraine will receive a small batch of long-range ATACMS missiles from the US, and the first batch of Abrams tanks will arrive this week.

Ukraine will receive a small batch of long-range ATACMS missiles from the US, and the first batch of Abrams tanks will arrive this week.

Previous Main Topics