The EU opens the door for further duty-free imports from Moldova

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Posted by: Rusica Viorica

News / Economic

23 Dec. 2019 / 11:03

The EU opens the door for further duty-free imports from Moldova

The Council of the EU has formally endorsed an agreement granting Moldovan farmers and SMEs additional preferential export opportunities to the EU. This follows the agreement reached on 11 July this year, between the EU and the previous government of the Republic of Moldova, led by Ms Maia Sandu, to broaden the degree of trade liberalization for specific agricultural products under the Deep and Comprehensive Free Trade Area (DCFTA), reads a press release of the EU.

The Republic of Moldova will be granted additional duty-free tariff rate quotas to export table grapes (of double the current amount) and plums (of a 50% increase on the current volume), as well as a new duty-free quota for cherries (of 1.500 tonnes). As part of the agreement, EU producers will also have more export opportunities, as the EU will gain additional duty-free access to the Moldovan market.

The deal demonstrates the EU’s commitment to Moldovan citizens and businesses, and the opportunities and benefits offered by the Deep and Comprehensive Free Trade Area (DCFTA).

The EU encourages the Republic of Moldova to continue the implementation of these needed reforms in the spirit of our Association Agreement. Before it can enter into force, the agreement will have to be approved by the EU-Republic of Moldova Association Committee in Trade Configuration (ACTC).

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