Canadian Manufacturing

Trade minister Fast talks free trade with Ukraine

by Murray Brewster, The Canadian Press   

Canadian Manufacturing
Exporting & Importing Financing Manufacturing Regulation Small Business Supply Chain Sustainability Aerospace Energy Food & Beverage Infrastructure Mining & Resources Public Sector

Despite ongoing conflict, Canada's Trade Minister is in Ukraine to lead trade talks and announce several economic initiatives

OTTAWA—International Trade Minister Ed Fast arrived in Kyiv on January 25 for two days of meetings as fighting intensifies between Ukrainian forces and pro-Russian separatists in the east of the embattled country.

Fast, who has been to Ukraine twice is the last six months, is there to talk free trade his counterpart, Aivaras Abromaviius, but also plans to announce four initiatives.

They will include greater support economic and governance reform as well as a program to promote sustainable economic growth for Ukrainian small and medium-sized farm businesses.

Canada is hoping the initiatives will “promote effective economic development to increase private sector-led growth, investment and job creation,” according to government documents.


Negotiations towards such an agreement were given a high-level political jolt last fall during Ukrainian President Petro Poroshenko’s visit to Ottawa, where he and Prime Minister Stephen Harper ordered officials to accelerate their work on the pact.

There will be a full round of face-to-face talk among officials in the near future and the file is now “in high gear,” Fast said.

The minister arrived one day after 30 people were reported killed in shelling in the east Ukrainian port city of Mariupol, and the United Nations on January 23 said that 262 had been killed in the previous nine days.

The Harper government, which handed out $314 million in economic assistance to Kyiv since the crisis began last year, sees strengthening the Ukrainian economy as a vital pillar in the strategy to resist Russian expansionism.

Canada and Ukraine already do about $322 million in trade.

The Harper government says it is looking for Canadian companies that want to invest in the agriculture and agri-food, aerospace, energy, mining and education sectors.

Fast is also expected to meet the country’s finance and agriculture ministers during his trip.


Stories continue below

Print this page

Related Stories