Evaluating the market in Ukraine

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Ukraine

Ukraine is an important economic partner for Canada. The two countries signed a bilateral free trade agreement (CUFTA) that entered into force on Aug. 1, 2017. It eliminated tariffs across many export groups and improved market access to key sectors such as agri-food, infrastructure, energy, cleantech, metals and mining, and information and communications technology (ICT).

CUFTA was modernized in April 2023 and provided new and upgraded chapters on investment, services, temporary entry for business persons, financial services, digital trade, rules of origin, trade and gender. For the first time, it also included a chapter on trade and Indigenous Peoples.

Export Development Canada (EDC) is closely monitoring the impact of Russia’s destructive war on Ukraine, which has targeted a significant part of Ukraine’s infrastructure and severely disrupted its trade and investment environment. Ukraine is facing a significant and growing reconstruction challenge. Supported by CUFTA, Canadian companies will have many opportunities to help Ukraine rebuild. For additional information, create a MyEDC account to view our Export Help Hub entries on Ukraine.
  • Agriculture
  • Aerospace
  • Food & Beverage 
  • Mining & Metals 
  • Oil & Gas
  • Power
  • Renewable Energies
  • Transportation Services


Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.


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Date modified: 2023-08-04