Moldova gets temporary trade liberalisation with the EU for seven foodstuffs

Published 2022년 7월 18일

Tridge summary

EU ministers have approved a regulation to double Moldova's exports of seven agricultural products to the EU for a year, without any duties. This is part of the EU's efforts to help Moldova recover from the consequences of the Russian-Ukrainian war and deepen its trade relations. The temporary trade liberalisation measures will redirect Moldovan exports towards the EU, bypassing reliance on Ukrainian infrastructure and competition from Russia and Belarus. The EU already contributes to Moldovan agriculture through support assistance funds, which have modernised livestock farms and established new vineyards, leading to a significant increase in Moldova's exports to Europe.

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Original content

EU ministers gave the final go-ahead to the regulation allowing Moldova to at least double their exports to the EU of tomatoes, garlic, table grapes, apples, cherries, plums, and grape juice for a period of one year without any duties. The regulation, adopted by the EU Council on Monday (18 July), aims at helping Moldova overcome the consequences of the Russian-Ukrainian war, also representing a step forward in deepening its trade relations with the EU by increasing the country’s exports to the member states. In June, EU leaders approved the granting of EU candidate status to both Moldova and neighbouring Ukraine. Before the full-scale Russian invasion of Ukraine, Moldovan exports relied heavily on Ukrainian infrastructures. Ukraine, Russia and Belarus were also exporters of Moldovan agricultural products. The temporary trade liberalisation measures will redirect those exports toward the EU. As of now, relations between the EU and Moldova are governed by an Association Agreement ...

Source: Euractiv