canada-ukraine free trade agreement (cufta)€¦ · 1. free trade agreement: no tariffs on 86% of...

Liliana ZhylinaTrade CommissionerEmbassy of Canada to Ukraine

Canada-Ukraine Free Trade Agreement (CUFTA)

Five Reasons You Should Export to Ukraine1. Free Trade Agreement: No tariffs on 86%

of exports, and 99% of Ukrainian imports.

2. From 2016-2018, Ukraine imported an average of Cdn$39.6 million in fish and seafood from Canada.

3. The Trade Commissioner Service provides comprehensive service to Canadian companies working in Ukraine.

4. Ukraine 2018: 3.5% GDP growth, 5.5% consumer spending growth, 99.8% adult literacy.

5. Ukraine is harmonizing with EU regulations.

Ukraine at a Glance

Largest Country in Europe by Territory

Population: 42 Million GDP Growth 2018: 17.5%

Free Trade Agreements with the EU and Canada

1.4 million Ukrainian Canadians

Non-EU Member

Presenter

Presentation Notes

The largest country in Europe by territory 42 million population 17.5% nominal GDP growth in 2018 Non-EU member Free trade agreements with EU and Canada 1.4 million Ukrainian Canadians

Canada-Ukraine Free Trade Agreement (CUFTA)

Tariff Elimination on 86% of Ukraine’s imports from Canada.

Commitments Related to IP Protection & E-Commerce

Trade Facilitation

Elimination of technical barriers to trade

Access to Public Procurement

Presenter

Presentation Notes

Tariff elimination on 86% of Ukraine`s imports from Canada Rules of origin and origin procedures Trade facilitation Elimination of technical barriers to trade Intellectual property protection State procurement E-commerce

Fish and Seafood Sector in Ukraine

80%of fish & seafood is

imported.

US$600 million was imported

in 2018.

Popular Imported Species:Herring, Mackerel, Hake,

Capelin, & Salmon

Presenter

Presentation Notes

Ukraine is the 4th largest importer of Canadian fish and seafood (by volume). 80% of fish and seafood available in the market is imported. Canada exported $51.2 million worth of fish and seafood products to Ukraine in 2018. $39.3 million of this total was exported from B.C. Popular imported species include: herring, mackerel, hake, capelin, and salmon.

British Columbia and Ukraine: Trade Facts

B.C. exports more fish to Ukraine by value than

wine worldwide.

Ukraine is B.C.’s fifth top fish & seafood export

market.

Ukraine is B.C.’s #1 export market

in Europe

B.C.’s fish & seafood exports to Ukraine in 2018:

$39.3 million

Top Fish & Seafood Exports to Ukraine: Hake, Sole, Pollock, Turbot,

& Wild Chum Salmon.

Benefits of CUFTA for Fish & Seafood Exporters

CUFTA has eliminated all tariffs on all fish and seafood products, including…

Caviar (Sturgeon Roe): From 15% Tariff → 0%

Salmon (Smoked or Processed): From 5% Tariff → 0%

Mackerel (Frozen or Processed):From Tariffs of Up to 20% → 0%

Herring (Smoked or Processed):From 5% Tariff → 0%

Tuna (Processed):From 7% Tariff → 0%

Dogfish (Chilled or Frozen):From Tariffs of Up to 10% → 0%

There has been a 104% increase in volume and 112% increase in value of Canada’s fish and seafood exports to Ukraine between 2017 and 2018.

Presenter

Presentation Notes

Under the Canada-Ukraine Free Trade Agreement, all tariffs on fish and seafood were eliminated on entry into force, on August 1, 2017. A number of products in the fish and seafood sector faced tariffs before CUFTA’s implementation, including the following: Mackerel (Frozen or Processed): The Most Favoured Nation tariff on this product is up to 20%, but this tariff has been eliminated under CUFTA for Canadian exporters. Caviar (Sturgeon Roe): The Most Favoured Nation tariff on this product 15%, but this tariff has been eliminated under CUFTA for Canadian exporters. Salmon (Smoked or Processed): The Most Favoured Nation tariff on this product is 5%, but this tariff has been eliminated under CUFTA for Canadian exporters. Herring (Smoked or Processed): The Most Favoured Nation tariff on this product is 5%, but this tariff has been eliminated under CUFTA for Canadian exporters. Tuna (Processed): The Most Favoured Nation tariff on this product is 7%, but this tariff has been eliminated under CUFTA for Canadian exporters. Dogfish (Chilled or Frozen): The Most Favoured Nation tariff on this product is up to 10%, but this tariff has been eliminated under CUFTA for Canadian exporters. All information is for indicative purposes only, as the final decision regarding the classification of a good falls with the Ukrainian customs authority.

Overview of the Trade Commissioner Service (TCS)

With over 120 years experience, the

TCS has a presence in more than 160 cities

across the world.

We inspire Canadian businesses to seize opportunities on a global scale. Every day, we strive to be the best trade promotion organization in the world.

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We are a network of more than 1,300 Trade Commissioners working in Canada and globally,

many of whom are locally engaged experts.

Liliana [email protected]

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