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Canada Introduces New Free Trade Agreement with Ukraine

Maureen Wall

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Canada Introduces New Free Trade Agreement with Ukraine

On July 5, 2024, Canada introduced new instructions for businesspersons under the Canada–Ukraine Free Trade Agreement (CUFTA). The provisions, effective from July 1, 2024, facilitate the temporary entry of businesspersons between the two countries, aiming to strengthen economic ties and promote investment opportunities.

The CUFTA provisions categorize eligible businesspersons into four main groups: business visitors, intracompany transferees, investors, and professionals. This classification allows for a streamlined process for individuals seeking temporary entry to Canada for business purposes, enhancing economic cooperation between Canada and Ukraine.

Work permit applications under CUFTA will be assessed according to paragraph 204(a) of the Immigration and Refugee Protection Regulations (IRPR), which is part of the International Mobility Program (IMP). This regulation permits the issuance of work permits without the need for a Labour Market Impact Assessment (LMIA), simplifying the application process for eligible businesspersons.

Categories Under CUFTA:

  1. Business Visitors: Individuals who are entering Canada for business meetings, conferences, or site visits, without directly entering the Canadian labor market.
  2. Intracompany Transferees: Employees of multinational companies who are transferred to Canadian branches, subsidiaries, or affiliates, facilitating seamless internal business operations.
  3. Investors: Individuals who have made or are in the process of making a significant investment in Canada, contributing to the economic growth and development of the country.
  4. Professionals: Qualified individuals who possess specialized knowledge or skills, and are entering Canada to provide services under a contract.
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The introduction of these new provisions under CUFTA is designed to promote a more dynamic and flexible business environment, encouraging bilateral trade and investment. By easing the movement of business professionals, both Canada and Ukraine can benefit from shared expertise, increased economic activity, and stronger bilateral relations.

This agreement is a significant step in reinforcing Canada’s commitment to supporting Ukraine’s economic development. It reflects a broader strategy to engage with international partners and foster global economic partnerships that are mutually beneficial.

The implementation of CUFTA provisions is expected to create new opportunities for businesses and professionals, fostering innovation and collaboration. By facilitating easier access to Canadian markets, Ukraine can enhance its economic presence and leverage Canadian resources and expertise.

The CUFTA not only underscores the importance of international trade agreements in promoting economic growth but also highlights Canada’s ongoing efforts to support global economic stability and development. This initiative exemplifies Canada’s proactive approach to creating a welcoming environment for international business and investment, ensuring long-term economic benefits for both countries.

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For more information on this agreement and its implications for businesspersons, please visit the IRCC official website.

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