EU ministers adopt temporary trade liberalization measures for Moldova – The Sofia Globe


Meeting on 18 July, EU ministers adopted a regulation temporarily liberalizing trade in seven Moldovan agricultural products which are not yet fully liberalised: tomatoes, garlic, table grapes, apples, cherries, plums and grape juice, according to a statement from the Council of the EU said.

This means that Moldova can at least double its exports of these products – for a period of one year – to the European Union without any customs duties, according to the press release.

“Russia’s unprovoked and unjustified war of aggression against Ukraine has had a devastating impact on Ukraine, as well as on the Republic of Moldova,” the EU Council statement said.

This has hurt Moldova’s ability to trade with the rest of the world, as its exports rely heavily on Ukrainian infrastructure and because it has largely lost access to its markets in Ukraine, Russia and Belarus.

When it enters into force, the July 18 decision will apply, for a period of one year, to seven agricultural products from Moldova that are currently still subject to tariff quotas when entering the EU.

The temporary trade liberalization measures will redirect these exports to the EU.

The statement said the July 18 decision is conditional on compliance with the principles set out in Article 2 of the Agreement Establishing the Deep and Comprehensive Free Trade Area (DCFTA), which liberalized almost all trade with Moldova, except for the seven agricultural products. covered by this regulation.

Now that the regulation has been adopted by both the European Parliament and the Council of the EU, it will be signed and published in the Official Journal, before entering into force the day after its publication in the Official Journal of the European Union , the statement said.

(Photo: CBCS/freeimages.com)

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