Economic

EU could suspend import customs duties on seven Moldovan products for another year

The Commission for International Trade in the European Parliament voted on Tuesday the regulation that provides for the one-year extension of the suspension of taxes and import quotas applicable to products exported from the Republic of Moldova to the European Union, announced MEP Siegfried Mureșan.

"Next is the final vote on this regulation in the plenary session of the Parliament, which we will give in the scheduled session at the beginning of July. In this way, we ensure that the new decision is adopted on time, before the current decision to suspend import duties expires, i.e. July 24, 2023", said MEP Siegfried Mureșan.

The official pointed out that the war in Ukraine strongly affected the economy of the Republic of Moldova, and Moldovan products, which were exported to the east, passing through Ukraine, were left without a market. "That is precisely why, in 2022, we have decided at the European level to suspend import duties and to raise quotas for the seven product categories subject to tariff quotas: tomatoes, garlic, table grapes, apples, cherries, plums and juice grapes", Mureșan pointed out.

According to the MEP, access to the European market has significantly helped the Republic of Moldova in the last year, "as a whole, exports from Moldova to the EU increased from 1.8 billion euros in 2021 to 2.6 billion euros in 2022".

At the beginning of May, the European Commission proposed a one-year extension of the suspension of import taxes and quotas on Moldovan exports to the European Union.

Bogdan Nigai

Bogdan Nigai

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