Economic

Duty-free exports to the EU: European Commission extends liberalisation of export quotas for Moldova

The European Commission has proposed to extend by one year the suspension of import duties on Moldovan products. "This is proof of the EU's unwavering support for the Moldovan economy," the European institution's statement said.

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Sursa: Agrobiznes.md

The unilateral and temporary autonomous trade measures extend the scope of tariff liberalisation within the EU-Moldova Deep and Comprehensive Free Trade Area by suspending all outstanding duties and quotas.

Exports of seven agricultural products from the Republic of Moldova subject to tariff quotas will now be fully liberalised: tomatoes, garlic, table grapes, apples, cherries, plums and grape juice.

"This is proof of the EU's unwavering support for Moldova's economy and helps alleviate the difficult situation faced by producers and exporters in the country due to Russia's unprovoked and unjustified military aggression against Ukraine," the European Commission statement said.

The proposal will now be examined by the European Parliament and the Council of the European Union. The European Commission notes that Moldova's exports have been affected by Russia's war against Ukraine because they have often relied on transit through Ukrainian territory and on Ukrainian infrastructure.

Over the past year, autonomous trade measures have supported Moldova's efforts to redirect exports through the EU.

Overall, Moldova's exports to the EU increased from €1.8 billion in 2021 to €2.6 billion in 2022.

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