The EC proposes to extend the duty-free trade with Moldova for another year

Published 2023년 5월 9일

Tridge summary

The European Commission has proposed to extend the suspension of import duties and quotas for goods from Moldova into the EU for another year, aiming to help the Moldovan economy and further the country's relationship with the EU. This proposal would extend full liberalization of exports from Moldova of seven agricultural products, potentially leading to competition with Polish fruit. However, the EU also plans to implement a protective mechanism to safeguard the EU agricultural sector from increased imports. The proposal is now under review by the European Parliament and the Council of the European Union.

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

Original content

Brussels intends to help Moldova for another year by continuing to suspend tariffs and tariff quotas. Unfortunately, the EU's aid to the Moldovan economy may be indirect, also at our expense. On May 2, the European Commission proposed to extend the suspension of import duties and quotas for imports of goods from Moldova into the European Union for another year. In addition, the product list is to be expanded. The proposal will now be examined by the European Parliament and the Council of the European Union. The described solutions significantly broaden the scope of trade liberalization between the EU and Moldova by suspending all due tariffs and quotas. In practice, this means full liberalization of exports from Moldova of seven agricultural products covered by tariff quotas: tomatoes, garlic, table grapes, apples, cherries, plums and grape juice. Fruit, which also this year will theoretically be able to reach the Community in unlimited quantities, will, unfortunately, compete ...

Source: Sad24