KIEV, July 12 – The agreement on a free trade area between Ukraine and Canada from the moment it takes force after its ratification by parliaments of the two countries would reduce import duties for 98% of Ukrainian imported goods and for 72% of Canadian exports to nil, Ukraine's Economic Development and Trade Ministry reported.

"Imports duties on agricultural goods will be lifted at once (apart from 108 tariff lines and the access to them will be opened with quota) and all industrial goods (apart from passengers cars with a seven year transition period for revoking of imports duties)," the ministry said.