CUCC Annual General Meeting – March 26th, 2024, Toronto

Canada-Ukraine Chamber of Commerce recently had the honor of hosting our esteemed members, partners, and friends at our Annual General Meeting on March 26th, 2024. It was an occasion to reflect on the remarkable journey of the CUCC over the past year and to outline our ambitious plans for the future.

We extend our heartfelt gratitude to Consul General of Ukraine in Toronto, Oleh Nikolenko, for his inspiring opening remarks, which set the tone for a truly engaging session. His insights provided valuable perspective as we charted our course forward.

A special highlight of the event was the enlightening presentation by Joanne Tognarelli, shedding light on how Export Development Canada (EDC) supports Canadian companies seeking to invest or collaborate with Ukraine. Ms. Tognarelli’s insights offered invaluable guidance to our members, empowering them to explore opportunities in the Ukrainian market with confidence.

Additionally, we were honored to receive a video address from Vira Savchenko, CEO of BDO Ukraine, followed by a presentation from BDO on their comprehensive Investment Guide for Ukraine. These contributions underscored the depth of expertise and resources available to support business endeavors between Canada and Ukraine.

We were excited to announce the newly elected Board of Directors, with whom we eagerly anticipate collaborating. Their leadership and dedication will undoubtedly propel the CUCC to new heights, further strengthening our mission of fostering economic ties between Canada and Ukraine.

None of our achievements would be possible without the unwavering support of our members and partners. Your commitment and engagement drive our organization forward and inspire us to continue our pursuit of excellence. We extend our sincerest gratitude for standing by us and contributing to our collective success.

As we look ahead, let us reaffirm our commitment to nurturing strong ties between Canada and Ukraine. Together, we have the power to drive growth, innovation, and prosperity for both nations. Through collaboration and partnership, we are making a tangible difference in the lives of businesses and communities on both sides of the globe.

Modernization of CUFTA Event in Kyiv – March 20th, 2024

On March 20, 2024, Canada-Ukraine Chamber of Commerce in partnership with Embassy of Canada to Ukraine | Ambassade du Canada en Ukraine organized an event dedicated to the MODERNIZATION OF THE FREE TRADE AGREEMENT AND THE DEVELOPMENT OF THE STRATEGIC PARTNERSHIP BETWEEN UKRAINE AND CANADA.

The event took place in one of the most modern locations of Kyiv, MacPaw Space, which is situated in the “Toronto-Kyiv” complex, a landmark of the Canada-Ukraine relations. We were delighted to meet with friends and partners from the Embassy of Canada to Ukraine, the Government of Ukraine, local and foreign businesses, international organizations and diplomatic missions.

Ambassador of Canada to Ukraine Natalka Cmoc, CUCC President Zenon Potichny, CUCC Vice-President in Ukraine Yuriy Kryvosheya, Senior Trade Commissioner of Canada in Ukraine Sherif Nagi and Managing Director of CUCC in Ukraine Emma Turos, had an opportunity to discuss the key updates to the Modernization of the Canada-Ukraine Chamber of Commerce and the advantages it will offer for bilateral trade between Canada and Ukraine, as well as the work that CUCC has been doing over the past 32 years to promote trade and investment between the two countires.

During the event Canada-Ukraine Chamber of Commerce signed the bilateral memorandums of cooperation with the Kherson Regional Military Administration and Borodyanka Village Council (Kyiv Region).

We would like to thank Embassy of Canada to Ukraine | Ambassade du Canada en Ukraine for their support, PJSC “Toronto-Kyiv”, MacPaw Space, Holiday Inn Kyiv for help with event organization, Holiday Inn Kyiv, Yakaboo.ua, GORN and Stakhovsky Wines for their donations for the charity auction, and all guest for attending our event.

Photo Gallergy: https://lnkd.in/dAksUXqC

Modernization of Canada-Ukraine Free Trade Agreement

CUCC would like to express gratitude to the House of Commons for approving Bill C-57, the Canada-Ukraine Free Trade Agreement Implementation Act, which modernizes CUFTA.
Modernization of CUFTA is expected to bolster Canadian and Ukrainian trade and investment, facilitating economic growth and enhancing bilateral relations. Furthermore, it will be instrumental in Ukraine’s recovery efforts and the involvement of Canadian companies in the reconstruction of Ukraine. Main changes/additions to CUFTA include:

Beyond Tariffs and Goods: The Modernized CUFTA

As with the original 2017 Agreement, the modernized CUFTA remains a comprehensive agreement with respect to trade in goods that includes provisions aimed at eliminating tariffs and non-tariff measures.

Building on the strength of the existing Canada-Ukraine commercial relationship, it establishes mechanisms under which Canada and Ukraine can discuss, prevent and resolve unjustified non-tariff barriers that may arise in the context of exporting agricultural, and fish and seafood products. Such mechanisms include the creation of a Committee on Trade in Goods and Rules of Origin, as well as dedicated Subcommittees on Agriculture and on Origin Procedures. CUFTA also provides opportunities and tools for Canadian and Ukrainian regulators to exchange information to better understand each other’s regulatory requirements, which benefits both importers and exporters.

Additionally, as well as updating existing chapters from the 2017 Agreement, the modernization process of CUFTA covered the inclusion of new chapters that were not part of the original Agreement, such as chapters on Investment and Cross-Border Trade in Services, as well as other areas present in Canada’s more recent and comprehensive FTAs. The modernized agreement is now a comprehensive modern FTA that includes all of the following areas:

Rules of Origin, Origin Procedures, and Trade Facilitation

Under CUFTA, only goods that “originate” in Canada and/or Ukraine may benefit from preferential tariff treatment. CUFTA, like all of Canada’s FTAs, includes rules of origin that specify how much production must occur in Canada and/or Ukraine for a product to be considered originating and therefore eligible for preferential CUFTA tariff rates. The rules of origin under CUFTA reflect Canadian production patterns and sourcing realities, thereby enabling Canadian exporters from across the country to take advantage of CUFTA tariff preferences.

Additionally, in modernizing the agreement, Canada and Ukraine also activated article 3.3 (Cumulation of Origin) of the CUFTA. This means that materials of any non-Party with which both Canada and Ukraine have FTAs (the European Free Trade Association countries, the European Union, Israel, and the United Kingdom) can be taken into consideration by the exporter when determining whether a product produced in Ukraine or Canada qualifies as originating under the CUFTA.

The rules of origin and origin procedure chapter has also been amended to include the procedures needed to administer the rule of origin to allow for the cumulation of materials from these common free trade partners. This includes an amendment to the Origin Declaration set out in Annex 3-B of the CUFTA to allow an exporter to indicate that materials from a common free trade agreement partner were used in the production of the product. Canada and Ukraine share a desire to keep border procedures simple, effective, clear, and predictable in order to facilitate trade. CUFTA provides for transparent and effective origin procedures to administer and promote compliance with rules of origin, without creating unnecessary obstacles to trade. Other provisions in CUFTA include access to advance rulings on the origin or tariff classification of products; the promotion of automated border procedures through the use of information technology in order to expedite procedures for the release of goods; and the establishment of an impartial and transparent system for addressing any complaints about customs rulings and decisions. Together, these provisions make it easier, faster and potentially less costly for Canadians to do business in the Ukrainian market.

Sanitary and Phytosanitary Measures (SPS)

The CUFTA chapter on sanitary and phytosanitary (SPS) measures reaffirms Canada and Ukraine’s commitments pursuant to the World Trade Organization (WTO) Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement). The SPS Agreement recognizes the rights of members to take measures necessary for the protection of human, animal, or plant life or health, while requiring that these measures be based on scientific findings, and do not create unjustified restrictions on trade. Under CUFTA, Canadian and Ukrainian officials will facilitate communication on SPS-trade related matters, and will work expeditiously to resolve any issues that may arise. Early and effective cooperation in addressing SPS issues will benefit Canadian exporters by helping to ensure that market access gains under CUFTA are not undermined by unjustified SPS trade barriers.

Technical Barriers to Trade

As tariffs are eliminated, the prevention and removal of technical barriers to trade (TBT) and other types of non-tariff measures takes on greater importance. The TBT chapter helps to ensure that technical regulations, conformity assessment procedures, and other standards-related measures are not used as barriers to trade. It also helps Canadian exporters by creating mechanisms to minimize and, where possible, eliminate the negative impacts of discriminatory or overly burdensome regulatory requirements.

This chapter also includes a provision requiring Canada and Ukraine to label wine as icewine only if the wine is made exclusively from grapes naturally frozen on the vine. This provision complements Canada’s global effort to protect Canadian icewine from imitation products, including those made from industrially frozen grapes, and will help to ensure that icewine continues to be recognized world-wide as a high-quality product. These provisions benefit Canada’s wine producers in Central and Western Canada.

Good regulatory practices

To achieve good regulatory outcomes, governments should follow good regulatory practices, which foster openness, transparency, and evidence-based decision-making. Countries that adhere to good regulatory practices can have confidence in one another’s regulatory systems, which can in turn facilitate trade. The modernized CUFTA includes a new chapter on good regulatory practices to further the goal of working together to ensure transparent and predictable regulatory systems that foster stronger trade relations and protect citizens while maintaining the ability of both partners to adopt and apply their own laws and regulations that regulate economic activity in the public interest.

Competition Policy

The modernized CUFTA features an updated standalone competition policy chapter. This chapter furthers both Parties’ objectives for a fair, transparent, predictable, and competitive business environment. The chapter introduces enhanced obligations for procedural fairness to ensure competition authorities maintain transparent procedures around how competition investigations and enforcement proceedings are conducted, and to guarantee the rights of defendants during proceedings. It also includes new obligations for the identification and protection of confidential information in the possession of a competition authority. Finally, the chapter supports cooperation between the competition authorities of Canada and Ukraine.

Designated monopolies and state enterprises

The chapter substantively replicates the monopolies and state-owned enterprises provisions from the original CUFTA, but as a standalone chapter. It has modernized language, including important definitions for state-owned enterprises and designated monopolies. The new chapter also includes updated commitments on transparency and technical cooperation, as well as a threshold calculation for determining entities excluded from its scope.

Government Procurement

The modernized CUFTA government procurement chapter builds upon existing obligations of the WTO Agreement on Government Procurement. The chapter includes a new article clarifying that Parties may take into account environmental, socio-economic, or labor-related considerations in the procurement process, provided they are non-discriminatory and do not constitute an unnecessary obstacle to international trade. The chapter also includes a new article on ensuring integrity in procurement processes (e.g. ensuring that criminal or administrative measures exist to address corruption in government procurement). In order to facilitate greater participation by Canadian and Ukrainian SMEs in government procurement, the chapter also includes a new article on SMEs. Finally, a new article on cooperation has been agreed, whereby the Parties can exchange information and share best practices in areas such as sustainable procurement practices and streamlining procurement processes.

Intellectual Property (IP)

An effective IP regime is important for Canada’s growing knowledge-based economy as it will help to foster competitiveness, innovation, and creativity; and stimulate jobs and growth. The IP provisions in CUFTA contribute to a sound and balanced framework for the protection and enforcement of IP rights. The IP chapter includes commitments which facilitate cooperation between Canada and Ukraine to enhance the protection of IP rights and to combat IP rights infringements. The provisions of this chapter also establish a consultation mechanism which provides an avenue to aid in the bilateral resolution of related issues between Canada and Ukraine.

Labour

The modernized CUFTA includes an updated, comprehensive labour chapter, fully subject to the dispute settlement provisions of the Agreement, which aims to improve labour standards and working conditions in the two countries by building on international labour principles and rights. Other key features of the updated labour chapter include: a non-derogation provision that prohibits parties to weaken or reduce the protections afforded in their respective labour laws; an import prohibition on goods made in whole or in part with forced labour; a commitment to the content of all core International Labour Organization conventions; and, a stand-alone article on violence against workers. The upgraded chapter also contains a broader definition of labour laws and an extensive article on fair and balanced labour laws, which specifies particular grey zone situations that may undermine the rights to freedom of association and collective bargaining.

Environment

The modernized CUFTA builds on existing environment provisions with a new comprehensive environment chapter, which is subject to dispute settlement and aims to level the playing field by ensuring parties do not lower their levels of environmental protection to attract trade or investment. For the first time in a Canadian free trade agreement, the environment chapter includes provisions recognizing the importance of mutually supportive trade and climate change policies, including through market-based approaches and trade-related climate measures to achieve green growth objectives. The modernized chapter also introduces new articles to address global environmental challenges, including on plastic pollution and waste, biological diversity, air quality, chemicals management, the ozone layer, and ship pollution, as well as commitments on sustainable fisheries, forest management and agriculture and the promotion of environmental goods and services and a circular economy. To support effective implementation the Parties have also committed to working together to address environmental challenges.

Trade-Related Cooperation (TRC)

CUFTA includes a TRC chapter, illustrating the important role of TRC in allowing both countries to maximize the benefits of the Agreement. The chapter notes Canada’s and Ukraine’s intention to promote TRC; provides for an ongoing dialogue on using TRC to enhance the benefits of the Agreement; and includes a listing of indicative areas for TRC.

Cross-border trade in services

Canada and Ukraine have negotiated a modern and comprehensive chapter on cross-border trade in services, including substantive obligations consistent with Canada’s existing trade agreements. This FTA chapter provides market access, non-discriminatory treatment, transparency, and predictability for both Canadian and Ukrainian service suppliers.

Development and administration of measures

The development and administration of measures chapter provides certainty and predictability for services providers and investors by ensuring that licensing and qualification requirements and procedures are objective, transparent, fair and timely.

Financial services

Canada and Ukraine negotiated a comprehensive and progressive stand-alone financial services chapter as part of the CUFTA modernization. The chapter will provide a level-playing field between Canada and Ukraine through a framework of general rules tailored to the unique nature of the financial sector. This includes core obligations such as market access, national treatment and most-favoured nation treatment, and new commitments on electronic payments and processing of applications. The chapter also includes a robust prudential exception, ensuring the ability of financial sector regulators to take measures to preserve the integrity and stability of the financial system. Finally, in light of the illegal Russian invasion, Canada has agreed to provide Ukraine with a 10-year period to transition from its existing World Trade Organization General Agreement on Trade in Services commitments to the proposed commitments of the modernized financial services chapter.

Investment

The CUFTA investment chapter modernizes the framework of protections for investors and their investments. The chapter contains a comprehensive set of obligations in line with Canada’s most ambitious trade agreements. Importantly, the new chapter features modern drafting ensuring that the Parties maintain their right to regulate, and required policy flexibility in key areas such as environment, health, safety, Indigenous rights, gender equality and cultural diversity. Finally, the new chapter also includes a modern dispute-settlement mechanism with, among other important updates, strengthened alternatives to avoid arbitration as well as enhanced transparency of proceedings commitments. Overall, this outcome represents a significant upgrade from the 1994 Canada-Ukraine FIPA that the investment chapter will replace.

Services and investment non-conforming measures

Canada and Ukraine negotiated a modern negative list of non-conforming measures (NCMs) for cross-border trade in services (CBTS) and investment. This negative list of NCMs reflects both Parties’ regimes for CBTS and investment, providing transparency and predictability, for both Canadian and Ukrainian service suppliers and investors.

Temporary entry for business persons

The modernized CUFTA includes a new, dedicated chapter on temporary entry that aims to support economic opportunities for Canadians, including Permanent Residents, through facilitating temporary entry and labour mobility for certain categories of business persons. The temporary entry provisions remove barriers encountered at the border, such as economic needs tests or numerical quotas, and provide new and reciprocal market access commitments covering four categories of business persons: Business Visitors, Investors, Intra-Corporate Transferees, and Professionals. Commitments are also included for accompanying spouses of Investors, Intra-Corporate Transferees, and Professionals. This ensures accompanying spouses are also granted temporary entry and have the ability to work.

As in Canada’s other FTAs, the temporary entry provisions do not deal with permanent employment, citizenship, residency, or any visa requirements. Canada also maintains its flexibility to take measures to protect health, safety and national security. To maintain the integrity of the domestic labour market, the Temporary Entry chapter also includes wage, education and experience requirements. Foreign business persons must meet these requirements to be eligible to enter Canada under the modernized CUFTA.

Telecommunications

Canada and Ukraine have negotiated a new telecommunications chapter that includes commitments that will provide enhanced regulatory certainty for telecommunications service suppliers when operating or investing. This chapter consists of obligations regarding the access to and use of telecommunications services, and ensures that service suppliers will be treated in a fair and objective manner when providing telecommunications services into Canadian and Ukrainian telecommunications markets. The chapter does not apply to broadcasting services, except to ensure that broadcasters will have access to and use of telecommunications services.

Digital Trade (previously Electronic Commerce)

The new digital trade chapter includes updated language previously contained within the CUFTA E-commerce chapter, which ensures that customs duties will not be applied to digital products transmitted electronically. The chapter further expands upon the previous chapter and includes, among others, commitments relating to cross-border data flows, data localization, source code disclosure, open government data, and personal data protection. Overall, the chapter aims to improve regulatory certainty for businesses seeking to engage in the digital economy in both markets, as well as those specifically looking to engage in cross-border digital trade between Canada and Ukraine.

Trade and gender

The trade and gender chapter aims to promote gender equality, remove barriers to trade for women in all their diversity, and facilitate their access to the benefits and opportunities of the CUFTA. The chapter includes: an article on non-derogation committing Parties to enforce and not weaken their domestic laws and protections afforded to women in order to attract trade and investment; a commitment to undertake cooperation activities focused on achieving the objectives of the chapter; and, the establishment of a Committee to facilitate the chapter’s implementation. Parties agreed that the FTA’s dispute settlement mechanism may apply.

Trade and SMEs

The chapter on small and medium-sized enterprises (SMEs) recognizes the importance of SMEs to both economies and commits the Parties to work together to remove barriers so that SMEs may be better placed to participate in and benefit from international trade and investment. The chapter also includes commitments on information sharing, including a requirement to make relevant trade-related information available through a digital medium, undertake joint cooperation activities, and establish a Committee to oversee the chapter’s implementation.

Trade and Indigenous Peoples

The trade and Indigenous Peoples chapter is the first such chapter for Canada or Ukraine in a concluded FTA. The chapter is economic-focused and cooperation-based, and establishes a bilateral committee to facilitate cooperation activities to remove barriers and challenges that Indigenous Peoples face when participating in trade. It also includes a commitment to enforce and not weaken domestic laws and protections on Indigenous Peoples’ rights in order to attract trade and investment, and encourages responsible business conduct. The Parties also reaffirm the UN Declaration on the Rights of Indigenous Peoples (UNDRIP).

UCANPRO – Canada’s Gateway to Public Procurement in Ukraine

Exciting news! UCANPRO has officially launched and is now live!

UCANPRO serves as a platform connecting Canadian businesses with the Ukrainian public procurement market, offering information in both French and English about tenders available on Ukraine’s ProZorro website.The ProZorro platform, an award-winning online public procurement platform in Ukraine, launched in 2015 to enhance transparency and combat corruption in government procurement processes. Operating on a three-level structure, it encourages collaboration between the government, businesses, and civil society. As an open-source platform, ProZorro allows real-time monitoring of procurement procedures, bids, and results, contributing to its continuous improvement. Its success in reducing corruption has garnered international recognition, and the system has been adopted or adapted by other countries seeking transparent and efficient public procurement solutions.

UCANPRO portal streamlines the process by presenting only relevant and valuable bids, making them easy to find, evaluate and apply for, with our support at any stage. Simply sign up on the platform using the link below, and you’ll gain access to all pertinent bids.

https://ucanpro.ca/

Chers Membres et Amis du CUCC,

Nouvelle excitante! UCANPRO a officiellement été lancé et est maintenant opérationnel!

UCANPRO sert de plateforme reliant les entreprises canadiennes au marché des marchés publics ukrainiens, en fournissant des informations en français et en anglais sur les appels d’offres disponibles sur le site ProZorro de l’Ukraine.La plateforme ProZorro, une plateforme en ligne de marchés publics en Ukraine récompensée, a été lancée en 2015 dans le but d’améliorer la transparence et de lutter contre la corruption dans les processus de passation des marchés publics gouvernementaux. Fonctionnant sur une structure à trois niveaux, elle encourage la collaboration entre le gouvernement, les entreprises et la société civile. En tant que plateforme open source, ProZorro permet la surveillance en temps réel des procédures d’approvisionnement, des offres et des résultats, contribuant ainsi à son amélioration continue. Son succès dans la réduction de la corruption a été reconnu à l’échelle internationale, et le système a été adopté ou adapté par d’autres pays cherchant des solutions transparentes et efficaces pour les marchés publics.

Le portail UCANPRO rationalise le processus en présentant uniquement des offres pertinentes et précieuses, les rendant faciles à trouver, évaluer et soumettre, avec notre soutien à chaque étape. Inscrivez-vous simplement sur la plateforme en utilisant le lien ci-dessous, et vous aurez accès à toutes les offres pertinentes.

 

https://ucanpro.ca/fr/

New Member – Sigma Software Group

We are thrilled to welcome our newest member Sigma Software Group.

Sigma Software is a global multinational company that provides top-quality custom software development, graphic design, testing, and support services. The systems they develop deliver benefit to customers in automotive, telecommunications, aviation, advertising, gaming industry, banking, real estate, and healthcare. They have advanced skills and ample resources to create large-scale solutions as well as guide startups from idea to profit.

Today, Sigma Software is a whole ecosystem that includes its own business incubator, educational platform, business association of companies, own product line and patented innovative solutions.

A large team of Sigma Software works from 19 countries, which makes them empowered by a mix of cultures, approaches and views. Sigma Software takes the best from every nation to create superior software.

To learn more about Sigma’s solutions please visit Sigma Software – Custom Software Development Company.

New Member – Thornhill Medical

We are thrilled to welcome our newest member Thornhill Medical.

Thornhill Medical is a global innovator in respiratory and oxygen-related scientific research and advanced technologies, transforming the delivery of critical care in austere and unpredictable combat casualty care and humanitarian environments. Its flagship micro-integrated life support system with built-in oxygen supply, MOVES ® SLC™, and its companion anesthesia solution, MADM™, are solving critical care capabilities gaps to save lives.

Drawing on 20 years of pioneering scientific and engineering, Thornhill Medical collaborates each day with customers, innovation leaders, industry, hospital, and military partners in more than 19 countries and in 65+ research institutes.

This year, through the Canadian Commercial Corporation, Thornhill Medical was awarded a contract by the United States Department of Defense to supply up to $356 million (USD) of its medical technology to the Defense Logistics Agency (DLA) Troop Support. DLA Troop Support is responsible for managing the medical supply chain for all the Armed Forces of the United States.

Rebuild Ukraine Business Conference – November 21-22, 2023 – Toronto, Canada

On Tuesday, November 21st and Wednesday, November 22nd, 2023 Canada-Ukraine Chamber of Commerce in partnership with Business Council of Canada, Embassy of Ukraine
in Canada, Embassy of Canada in Ukraine, Ministry of Digital Transformation of Ukraine, CEO Club Ukraine  and UkraineInvest organized a two-day Rebuild Ukraine Business Conference and Ukraine by Design Tech Conference at The Omni King Edward Hotel located at 37 King Street East in Toronto, ON.

Rebuild Ukraine Business Conference on November 21st, 2023  showcased investment projects aimed at rebuilding and modernizing Ukraine in the agriculture,construction/infrastructure, energy and healthcare sectors. Morning session included opening remarks by Zenon Potichny, President of CUCC, Goldy Hyder, President and CEO of Business Council of Canada, Yulia Svyrydenko, First Deputy Prime Minister – Minister of Economy of Ukraine and Rostyslav Shurma, Deputy Head of the Office of the President of Ukraine. Attendees learned about how Business Ombudsman’s Office, National Bank of Ukraine, UkraineInvest, CEO Club Ukraine and American Chamber of Commerce contribute to economic resilience of Ukraine during war, as well as how Canadian businesses like Cameco and Razom Invest Canada operate in Ukraine. The afternoon session highlighted the financial  instruments and insurance offered by the IFC, EBRD and EDC to support Canadian companies interested in investing in Ukraine, included presentation of UCANPRO (ProZorro procurement platform adapted for Canadian businesses) as well as a fireside chat with the Honorable Mary Ng, Minister of Export Promotion, International Trade and Economic Development of Canada, Taras Kachka, Deputy Minister for Economic Development, Trade and Agriculture of Ukraine and Zenon Potichny, President of CUCC dedicated to the Modernization of Canada-Ukraine Free Trade Agreement.

Ukraine by Design Tech Conference on November 22nd, 2023 showcased Ukrainian digital government tool DIIA, as well Ukrainian companies and organizations that operate in IT, Fintech and Military Tech and contribute to Ukraine’s tech and economic resistance during war. Conference was opened by remarks from Markiyan Vytvytskyy, Vice-President of CUCC, Yuliya Kovaliv, Ambassador of Ukraine to Canada, Natalka Cmoc, Ambassador of Canada to Ukraine, greetings from Mykhailo Fedorov, Deputy Prime Minister – Minister of Digital Transformation of Ukraine and Eric Caire, Minister of Cybersecurity and Digital Technology of Quebec, as well as a keynote speech from Oleksandr Bornyakov, Deputy Minister of Digital Transformation of Ukraine.

The Rebuild Ukraine Business Conference served as an ideal platform for Canadian businesses seeking involvement in the reconstruction of Ukraine. It also provided an excellent opportunity for networking among Canadian and Ukrainian businesses, financial institutions, and agencies.

More information about Rebuild Ukraine Business Conference, agenda, speakers and projects can be found on conference platform Rebuild Ukraine Business Conference 2023 | CUCC (cucc-rebuildukraine23.com)

All session recordings are available on CUCC YouTube channel Canada-Ukraine Chamber of Commerce – YouTube

A heartfelt kudos to our dedicated sponsors! Your invaluable contributions have played a pivotal role in bringing the vision of the Rebuild Ukraine Business Conference to life. Your generosity is the driving force behind meaningful connections and opportunities that will leave a lasting impact.

Title Sponsor Temerty Foundation
2-Day Sponsors: Export Development Canada | Exportation et développement Canada, Fairfax, American Chamber of Commerce in Canada (AmCham Canada)FaskenPwC CanadaCBM Event ProductionsAV-CANADA
Rebuild Ukraine 1-Day Sponsors: Cameco CorporationHorizon CapitalCIBCBusiness Council of CanadaAecon Group Inc.ATCOBlack Iron Inc. (TSX: BKI; OTC: BKIRF; FRANKFURT: BIN) Meest CanadaGeneral DynamicsCanada-Ukraine FoundationNorthland Power Inc.Ukrainian World Congress – Свiтовий Конґрес УкраїнцівRoshel Smart Armored VehiclesPharmaxi LLC
Ukraine by Design 1 Day Sponsors: BlackBerryMiratechELEKS

Special thanks to Nick Wons for memories through incredible photography.

 

“Empowering Radiance” exhibition – Radiance that gives strength

Kyiv, November 3, 2023. The charity exhibitionEmpoweringRadianceto support women serving in the Armed Forces ofUkraine was held in PJSC «Toronto-Kyiv». The eventfeatured works of 23 prominent women representatives of thenuclear power industry. The goal of the fundraising campaign as the main part of the charity event was support of women servingin the Armed Forces of Ukraine. All the money raised by the event will go for purchase of the women’s military ammunition, clothing, footwear, protective equipment, and the humanitarianaid.

This initiative was implemented through joint efforts of the Non-profitable Public Organizations «Women in Nuclear Ukraine» and“Ukrainian Nuclear Society”. PJSC «Toronto-Kyiv», «TK Property Management» LTD and Public Organization «SobornaUkraine» were the general partners, who played a key role inmaking this event happen.

We still have a long road ahead of us on all fronts, and thus, allof us have to be united as never before in our diversified fight forfreedom and for our common goals. Throughout our professionalexperience, we have always built synergies and helped variouspartners & stakeholders who share the same values & principles; therefore, for us, it was an honor to be part of such an importanthappening with such a tremendous goal. Moreover, I would like tokindly outline that this great event is a very concrete and strongexample of numerous diversified organizations, companies, andteams uniting together to make true results in a toughenvironment. With joint forces, all of us can do even more and wehave to keep on going.” – said Yuriy Kryvosheya, President andManaging Partner of «Toronto-Kyiv» Complex, Vice President of the Canada Ukraine Chamber of Commerce and  co-founder ofYakaboo.

The presented artworks proved an exceptional talent of women professionals who play an important role in securing stable, reliable, and safe operation of the nuclear power complex of Ukraine.

Here is a full text and photos from the event https://win-ukraine.org.ua/exhibition-empowering-radiance/

 

Tabling of the modernized Canada-Ukraine Free Trade Agreement (CUFTA)

On October 17th, 2023  CUCC President Zenon Potichny and CUCC Director Lesia Babiak had a pleasure of attending the tabling of the modernized Canada-Ukraine Free Trade Agreement (CUFTA) by Minister Mary Ng at the Parliament Hill and parliamentary reception hosted by Yvan Baker, MP.

The modernized Canada-Ukraine Free Trade Agreement (CUFTA) is a significant step towards strengthening of bilateral ties between Canada and Ukraine. It sets a path to further eliminate trade barriers, open up new avenues for businesses in both countries and engage Canadian businesses in the rebuilding of Ukraine.

We would like to thank Minister Mary Ng and Government of Canada for their continuous support for Ukraine, its people and economy.

CUCC is looking forward to supporting the implementation of the modernized CUFTA and Minister Ng’s business mission to Ukraine in 2024.

 

Modernization of Canada-Ukraine Free Trade Agreement

On September 22, 2023 Canada-Ukraine Chamber of Commerce President Zenon Potichny and Vice-President Markiyan Markevych attended signing of modernization of Canada-Ukraine Free trade Agreement by President of Ukraine Volodymyr Zelenskyy and Prime Minister of Canada Justin Trudeau.

The new trade agreement will replace the existing CUFTA agreement, which has been in force since 2017. Here are some of the highlights of the modernized CUFTA agreement:

  • Application of a new liberal method in the service sector – everything that is not forbidden is allowed
  • The protection of business interests has been strengthened through the use of a modern set of legal instruments for investment protection
  • Added section on digital trade between Ukraine and Canada, based on the principles of free and open development of the digital ecosystem of the economy
  • Goods made from parts manufactured in EU, Britain, Israel can now be exported from Ukraine to Canada free of duty
  • Expanded and simplified conditions for the temporary entry of Ukrainian business travelers to Canada for the purpose of providing services

The text of the document is based on the standards of the Free Trade Agreement between Canada, the United States and Mexico (NAFTA) and the Trans-Pacific Partnership Agreement, which Ukraine is preparing to join.