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A New Chapter in Canada Ukraine Free Trade Opens with Modernized CUFTA

On 19 March 2024, Bill C-57 An Act to implement the 2023 Free Trade Agreement between Canada and Ukraine the New CUFTA received royal assent, introducing a modernized version of the Canada-Ukraine Free Trade Agreement. Negotiated against the backdrop of the ongoing Russian invasion of Ukraine, the New CUFTA aims to strengthen economic relations between Canada and Ukraine and create opportunities for economic development by further reducing barriers to reciprocal trade in goods and services. The updated Agreement will come into force on the first day of the second month after both parties have completed the necessary procedures to ratify, which will likely occur in 2024. ....

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New Canadian Economic Sanctions "Deemed Ownership" Rule Now in Force

On June 22, 2023, Budget Implementation Act, 2023, No. 1 formerly Bill C-47 received Royal Assent. Among the various other measures in this omnibus bill, the Act made significant amendments to Canada s autonomous sanctions statutes, the Special Economic Measures Act the SEMA and the Justice for Victims of Corrupt Foreign Officials Act the Magnitsky Law, to clarify ownership and control rules for purposes of sanctions imposed under the SEMA and the Magnitsky Law. ....

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The Canada-United Kingdom Trade Continuity Agreement: Deepening Ties Between Canada and the U.K. | Bennett Jones LLP

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Canada and the United Kingdom agreed on a transitional trade continuity agreement on November 21, 2020. The full text of the Canada-United Kingdom Trade Continuity Agreement (TCA) was signed by Canada and the U.K. on December 9, 2020.
Once the TCA comes into force, the agreement will ensure that the terms, including all the tariff provisions, of the
Canada-European Union Comprehensive Economic and Trade Agreement (CETA) continue to apply with respect to U.K./Canada economic and trade relations. The TCA will provide predictability for businesses in Canada and the U.K. as the two countries work towards negotiating a new comprehensive free trade agreement. ....

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