Canada extends duty-free regime for goods from Ukraine for a year

Canada's Minister of Finance and National Revenue, François-Philippe Champagne, announced that Canada will extend the Order on Duty-Free Treatment of Ukrainian Goods until June 9, 2026, the Canadian government's website reported."Canada remains steadfast in its support for Ukraine, which is fighting to defend its sovereignty, territorial integrity and democracy. The conflict, initiated by Russia with the support of Belarus, continues to seriously affect Ukraine's economy, including its ability to export goods to global markets," the Canadian Ministry of Finance said in a press release. The document recalls that last month in Banff, Alberta, G7 finance ministers and central bank governors unanimously reaffirmed their unwavering support for Ukraine."Canada continues to support the Ukrainian economy by extending the duty-free import of Ukrainian goods into Canada for one year," the statement said.Since the issuance of the Order on Duty Exemption of Goods from Ukraine on June 9, 2022, Canada has imported more than $35 million worth of these goods, with $8.5 million in customs duties written off. It is expected that approximately $1.2 million in customs duties will be refunded from June 10, 2025 to June 9, 2026.The Order on Duty Exemption for Ukrainian Goods entered into force on June 9, 2022 for an initial period of one year, after which it was extended annually. The Order temporarily cancels customs duties applicable to imports of Ukrainian goods.

 

Source: https://interfax.com.ua/news/economic/1078262.html