Overthe course of a century the countries have concluded alliances and create allpossible ways to conduct business between each other. So there were opened suchindustries as immigration and trade. Trade and immigrationare progressive relations in the economic world. The commercial relations between Canadaand Ukraine started in 1991, including memorandums and agreements, which theysigned.
Canada was the first western country that recognizes Ukraine’sindependent. The economic relations between Canada and Ukraine have apositive impact on mutual immigration and trade relations. To begin with, successful immigrationfrom Ukraine has a positive effect in Canada. Most people who emigrate fromUkraine were successfully recommended yourself on workplaces in Canadiancommunity. Ukrainians are the ninthlargest ethnic group in Canada and the number of immigrants from the Ukraine isincreasing yearly. For example, the number of Ukrainian immigrants to Canadagrew from 51,610 to 65,455 between 2001 and 2011 (“Ukrainians immigrants toCanada”, n.
d.). At the same time,Ukrainians take anactive part in the life of the country. They have own festival, which called”Ukrainian Fest”, it is held annually in Toronto. Ukrainianimmigrants have made a significant contribution to the Canadian economy.
Accordingto Pivnenko (2003) Ukrainian immigrants have a better earning potential thanimmigrants with a similar degree from other countries. ??? In the second place, Canada is activelyincreasing trade relations with Ukraine. Relations between Ukraine and Canadahave improved since the Ukrainian presidential election in 2014. As result, Canada and Ukraine made a “FreeTrade Agreement” in 2016. “TheCanada-Ukraine Free Trade Agreement represents a significant milestone in therelationship between Canada and Ukraine.
It will bolster our economies, spurinnovation, and lead to long term benefits for the middle class and thoseworking hard to join it.” Rt.Hon. JustinTrudeau, Prime Minister of Canada (2016) Free trade relations between Canada andUkraine include many industries such as the agriculture industry andinfrastructure.
At the same time, Canada’s market is becoming a new hub forinvestors from Ukraine. In effect, Canadian is currently investing more than 568million dollars in the Ukraine (EDC. n.d.)