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Ukraine's exports to Canada see sharp increase

Staff Writer |
Ukraine's exports to Canada have seen a sharp increase this year due to the intensified business contacts and the implementation of the Free Trade Agreement (FTA), local media reported.

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Ukraine's Deputy Economic Development and Trade Minister Natalia Mykolska told reporters that in January through August this year, the exports have increased by 70.9 percent to $31.2 million.

In 2017, Ukraine has started exporting 154 new commodity items to Canada and increased the supplies of traditional goods with a high-added value, she said.

"The strongest growth was recorded in the exports deliveries of liquid crystal devices, electric audio equipment, flour, rubber and plastics processing equipment, X-ray equipment and printing devices," Mykolska said.

Besides, Ukraine has boosted the sales of juice, honey and sunflower oil to Canada, she added.

The Canada-Ukraine FTA, which has entered into the force on Auguest 1, has immediately eliminated 98 percent of tariffs on Ukraine exports and 72 percent of duties on Canada exports.

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