Ukraine remains an important economic partner to Canada. In mid-2016, Canada and Ukraine signed a bilateral Free Trade Agreement ("CUFTA"), eliminating tariffs across many export groups and bringing improved market access. CUFTA also provided more predictable conditions for trade and investment, including across key sectors such as agri-food, infrastructure, energy, cleantech, metals & mining, and ICT. EDC is closely monitoring the current geopolitical situation and the potential impact on Canadian business and investment. Ukraine’s economy is currently facing a challenging security situation resulting in adverse market conditions that will disrupt trade & investment and the country’s growth.