Moldova streamlines customs with EU-aligned code
Marking a significant step towards European integration, Moldova's new Customs Code officially came into effect today, Monday, January 1st.
The code promises a modernised and streamlined customs regime, aligning national regulations with those of the European Union.
Boosting Business and Reducing Friction:
"This new code represents a critical commitment we made upon receiving EU candidate country status," declared the Moldovan Customs Service. "It will offer businesses tangible benefits, including simplified procedures, digital services, and a significant reduction in bureaucratic hurdles."
Key Improvements for Importers and Exporters:
Among the expected advantages for economic actors are:
- Elimination of fees for certain customs procedures and the option to defer customs duty payments.
- Reduced costs and processing times for customs clearance.
- Automatic validation of export declarations, expediting shipments.
- Remote declaration of postal items, offering greater convenience.
- Digitization of customs procedures, minimising physical interaction with officials.
- Increased declaration capacity, allowing up to 999 items on a single form (compared to the previous limit of 99).
- Enhanced fraud prevention through real-time online monitoring of customs operations.
Commitment to Efficiency and Transparency:
The Customs Service has emphasised its dedication to the successful implementation of this new system. "Our goal is to establish a customs regime that prioritises efficiency, speed, and seamless integration with European systems," they stated. "This will not only facilitate trade but also create a more attractive and equitable environment for entrepreneurship."
Moldova's New Customs Code: A Gateway to Growth and Integration
The implementation of this modernised customs framework represents a crucial step for Moldova in its aspirations for EU accession. Streamlining customs procedures is expected to foster trade, attract foreign investment, and ultimately stimulate economic growth. While challenges may arise during the transition, the potential benefits for businesses and the broader economy are undeniable.
Translation by Iurie Tataru
