EU wants to extend suspension of tariffs and quotas for imports from Moldova

Published 2023년 5월 4일

Tridge summary

The European Commission has proposed to extend and extend the suspension of import duties and quotas on Moldova's exports to the European Union for another year. This proposal aims to extend the current suspension of import duties on Moldovan exports to the EU and extend this suspension to all remaining tariffs and tariff quotas for Moldovan imports. This move is seen as a sign of the EU's support for the Moldovan economy and is expected to alleviate the challenges faced by Moldovan growers and exporters due to Russia's military aggression against Ukraine. The proposal will now be examined by the European Parliament and the Council of the European Union. Since the import measures were implemented last year, Moldova's exports to the EU have increased from €1.8 billion in 2021 to €2.6 billion in 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The European Commission has today proposed to extend and extend the suspension of import duties and quotas on Moldova's exports to the European Union, the so-called autonomous trade measures, for another year. The proposal extends the current suspension of import duties on Moldovan exports to the EU for another year and extends this suspension to all remaining tariffs and tariff quotas for Moldovan imports. This is a clear signal of the EU's full support for the Moldovan economy and helps to further alleviate the difficult situation faced by Moldovan growers and exporters due to Russia's military aggression against Ukraine. Next steps The proposal will now be examined by the European Parliament and the Council of the European Union to ensure a seamless transition from the current regime to the new regime. Background The import measures in force since 25 July 2022 have had a positive effect on Moldova's trade with the EU. Moldova's exports to the rest of the world have suffered ...
Source: AGF

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