Moldovan government plans to conclude an agreement with Egypt on preferential fruit exports

Published 2022년 2월 10일

Tridge summary

In February 2022, a Moldovan government delegation is planning to visit Egypt to discuss the possibility of signing a free trade agreement. The Ministry of Economy is currently drafting this agreement, and if successful, it could be signed in the spring. The Ministry of Foreign Affairs has received proposals from producers and exporters of fruit products for cooperation in the agri-food trade with Egypt. The demand in the Egyptian market for Moldovan apples, table grapes, and dried plums is high, while Egypt could supply citrus and exotic fruits to Moldova. However, the high import duty of about $200/t is a barrier for Moldovan fruit exports to Egypt. There is also resistance from Turkish business, which uses the free trade agreement with Moldova, and Turkish apples are increasingly dominating the Egyptian fruit market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In February this year, the Ministry of Foreign Affairs of the Republic of Moldova plans to organize a working visit of a government delegation to Egypt, during which consultations will be held with the ministries and departments of this country on the signing of an interstate free trade agreement. The Moldovan Ministry of Economy is currently finalizing the draft of this document. If the process of its coordination with the Egyptian side is carried out quickly and successfully, the agreement may be concluded as early as the spring of 2022. Representatives of organizations of producers and exporters of fruit products claim that they have previously sent to the Ministry of Agriculture and Food Industry (MAIA) their proposals for cooperation with Egypt in the field of trade in agri-food products. In their opinion, a simpler option would be to sign not a comprehensive free trade agreement between states, but an agreement on commercial preferences for a certain list of products. In ...

Source: Eastfruit