Canada and Ukraine strengthened their trade and energy ties with the signing of a new Free Trade Agreement

Ukraine’s President Volodymyr Zelenskiy and Canadian Prime Minister Justin Trudeau sign a free trade agreement, in Ottawa, Ontario, Canada September 22, 2023. REUTERS/Blair Gable (BLAIR GABLE/)

The president of Ukraine, Volodymyr Zelensky, and the Prime Minister of Canada, Justin Trudeausigned this Friday a trade agreement updated among its countries, which seeks to promote the trade in goods and servicesinvestment, economic development and the implementation of systemic reforms and the improvement of the general well-being of the population, as reported by the Ukrainian presidency.

The agreement, which extends the trade pact existing between Ukraine and Canada since 2017was signed during Zelensky’s visit to Canada, where he also met with businessmen and representatives of the Ukrainian diaspora.

Additionally, the two leaders witnessed the signing of a cooperation memorandum between the Ukrainian state company Ukrhydroenergo and the Canadian AECON Construction Global Services Incorporated about the latter’s possible participation in the construction of hydroelectric plants in Ukraine.

The memorandum refers to the power plant projects of Kaniv and Kakhovkawhich are part of Ukraine’s strategic plan to increase its renewable energy generation capacity.

Zelensky thanked Trudeau for Canada’s support for Ukraine in its conflict with Russia, which annexed the Crimean peninsula in 2014 and supports separatists in the east of the country.

The lack of aid to our country means the strengthening of the Russian Federation, which will then threaten other countriesZelensky said at a joint news conference with Trudeau.

“Aid to Ukraine or Russia. There will be no mediators in this war. By weakening aid to Ukraine, you will strengthen Russia. If someone wants to take a risk, fine, weaken aid to Ukrainians. But, to be frank and honest, we must fight for freedom, democracy and human rights,” he expressed.

Ukraine's President Volodymyr Zelenskiy shakes hands with Canadian Prime Minister Justin Trudeau following signing a free trade agreement, in Ottawa, Ontario, Canada September 22, 2023. REUTERS/Blair Gable
Zelensky thanked Trudeau for Canada’s support for Ukraine in its conflict with Russia, which annexed the Crimean peninsula in 2014 and backs separatists in the east of the country. (REUTERS) (BLAIR GABLE/)

military aid

Meanwhile, Trudeau reiterated his solidarity with Ukraine and his condemnation of the “illegal and unacceptable” actions by Russia. He also announced that Canada will continue to provide military and financial assistance to Ukraine, as well as supporting its democratic and economic reforms.

Zelensky, who traveled to Canada accompanied by his wife, Olena Zelenskasecured a new military aid package from the Trudeau Government valued at 482 million dollars.

The investment will allow Ukraine to provide 50 armored vehicles manufactured in Canadian territory.

Another of the agreements reached during the visit was the commitment to create a group made up of “eminent people” who will advise the international community in the confiscation of Russian assets, “including those of the Russian central bank”, something in which Zelensky has shown great interest.

The seized funds would be used to pay compensation for “the damage caused by war and terror.”

Zelensky, who traveled to Canada accompanied by his wife, Olena Zelenska, obtained a new military aid package from the Trudeau Government valued at $482 million.  (AP)
Zelensky, who traveled to Canada accompanied by his wife, Olena Zelenska, obtained a new military aid package from the Trudeau Government valued at $482 million. (AP) (Patrick Doyle/)

Zelensky’s first official visit to Canada since the start of the russian invasion in February 2022 began on Friday morning with a meeting with Trudeau in Parliament in which the two leaders discussed the situation of the conflict between Ukraine and Russia.

After the bilateral meeting, the Ukrainian president gave a speech in the Canadian Parliament in which he requested that Russia’s crimes not go unpunished and thanked Canada for the support that Ottawa is providing.

(With information from Europa Press and EFE)

Source-www.infobae.com