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Trade volume between Moldova and the EU reached $4.72 billion in 2019, which is about 55% of Moldova’s total foreign trade

Trade volume between Moldova and the EU reached $4.72 billion in 2019, which is about 55% of Moldova’s total foreign trade

Such data was provided by the Ministry of Infrastructure Economics in the consolidated report on the main achievements in the implementation of the National Action Plan for the implementation of the Association Agreement / DCFTA in 2017–2019. The ministry draws attention to the fact that in 2019 the number of exporting companies in the EU amounted to 1837 units, which represents more than 70% of the total number of exporting companies. The leading EU-importers of Moldovan products are: Romania, Italy, Germany, Poland and Bulgaria. The ministry also draws attention to the fact that in 2017-2019. Together with the EU, a number of changes were made to the content of the annexes to Section V of the Association Agreement, “Trade Issues and Aspects”, the list of EU regulations that will be transferred to the legislation of Moldova was updated and supplemented. The matter concerns regulations in the following areas: financial services, telecommunications services, international transport and geographical indications for agricultural products, food and beverages. One of the most important achievements in terms of trade with the EU during the reporting period is the recent update of Annex XV to the Agreement, which gives Moldova additional export tariff quotas, increasing them by 50% of the current volume for grapes and plums and a new quota for supplying cherries in a total amount of 2000 tons without paying customs duties. At the same time, limit amounts will be increased for launching mechanisms to combat tax evasion in the export of Moldovan wheat, barley, corn, processed cereals, and ethyl alcohol. According to the report, in 2019, Moldovan exporters used 100% quotas for the sale of table grapes (10 thousand tons). At the same time, the quota for the export of fresh apples was used only at 6%: 2300 tons out of a possible 40 thousand tons. //21.02.2020 - InfoMarket.

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