Ukraine began talks to establish a free trade zone with Canada. The purpose of a future agreement - to increase the supply of goods to Canada and to use its experience in the field of production and transportation of energy resources. The government hopes to agree terms with Canada a trade agreement before the end of the year, but experts say such a scenario is unlikely.

Economics Minister Bohdan Danylyshyn during a meeting with the Minister of International Trade Canada Stockwell Deem yesterday announced the commencement of preliminary negotiations on a Free Trade Area (FTA) between Ukraine and Canada. He said technical talks between the countries should be completed in 2009, after which the draft agreement will go on national parliaments. I will not guarantee that we will finish training in December instead of January, but we will hold talks in fast mode, - said Danilishin .- The ratio of Canadian MPs sympathetic to this idea, and consideration will be without challenges.

foreign trade deficit in goods with Canada in Ukraine in I half totaled $ 18.6 million: export mainly presented in steel and fertilizers ($ 30.5 million) and imports - agricultural equipment for tillage and harvesting ($ 49.1 million). Ukraine's trade balance was in surplus only through the provision of services. In the I half of exports of goods and services amounted to $ 114.2 million, imports - $ 74.4 million The practice shows that following agreement on the FTA began importing and other product groups - says Stockwell Day .- We look forward to participating in nuclear power programs of the Ukrainian government. The interest of the Canadian side of these programs confirms the fact that Deya is also scheduled to meet with Minister of Fuel and Energy and Health. The materials of the Canadian Embassy in Ukraine indicates that Canadian companies intend to work in the fields of energy, pharmaceuticals, agriculture, seafood and materials production. Kiev in the first place hopes to use the Canadian experience in production and transportation of energy resources, attract Ottawa to project satellite Sich and increase the supply of Ukrainian products with high added value.

Economists note that the establishment of FTAs with Canada, should simplify the process of inflow of direct investment. Creating a free trade zone would allow Ukraine to diversify its markets for its products. And in the case of Canada is very important that in this country the great Ukrainian diaspora and the establishment of such a regime will facilitate investment in Ukraine, - analyst IK Renaissance Capital Ukraine Anastasia Golovach. Goskomstat does not disclose the amount of investment from Canada.

Deputy Head of the Verkhovna Rada Committee on Economic Policy Alexei Plotnikov sure that Ukraine should create an FTA, only after the world recession. In a crisis, leading the country even though the words remain on free-market advocates, but pay more attention to protecting the interests of their own producers. In this regard, Ukraine is probably worthwhile to postpone the establishment of an FTA with a country with which we have a negative balance of trade in goods , - he believes. A source at the Ministry of Economy said that the negotiations with Canada can be difficult to pass, as the exemption from the FTA to be done for 50-80% of the goods.

Ukraine is also planning to establish a FTA with the United States, which in 1994 together with Canada and Mexico, organized the North American Free Trade Area (NAFTA). This initiative has shown during his visit to Kiev in April 2008, U.S. President George W. Bush. But in June 2009, Deputy U.S. Trade Representative Christopher Wilson said that President Barack Obama does not support the idea of free trade with Ukraine. U.S. rejection of the establishment of anFTA with Ukraine makes it impossible to create such regimes with other members of NAFTA, including Canada, - analyst IK sure Dragon Capital Vitaly Vavrishchuk .- But the positive effect would be an order of magnitude higher if there was an agreement with two countries. Free Trade Area with Canada will help the Ukrainian goods to enter the markets of other countries in America, - said Day.

Government approved the budget for 2009-2012: The main objective - to combat deficit
The growth of the major indexes to the middle of the day was 1-1,5%, and up to the annual maxima remained slightly
Excessive entrench ruble will not allow the Central Bank: the current level of currency basket similar to that when the regulator intervenes in bid
Shares of oil and gas, electricity and telecommunications sectors are traded worse than the market
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB
Finam has determined the most advantageous point of entry into the capital of the KLA
The weakening of the dollar to a basket of world currencies was the cause yesterday to moderate growth in world oil prices
Today futures for U.S. indices are predominantly in the red zone
U.S. indexes are likely to accept the outcome of the Fed meeting as an excuse to take profits