Moldova and the European Free Trade Association (EFTA) have agreed to sign a free trade agreement.
Deputy Prime Minister and Minister of Economic Development and Digitalization Dumitru Alaiba announced this was on his social network page, noting that, thus, the export of Moldovan products will be opened to the richest markets of the world, as EFTA includes Iceland, Liechtenstein, Norway and Switzerland. He said the signing of the agreement with EFTA will inevitably open new opportunities for Moldova's economic development by improving access to international markets and increasing competitiveness in the production of goods and services. "The agreement will provide better opportunities for Moldovan exports and reduce customs duties on goods imported from EFTA countries. Thus, by removing some trade barriers, companies from Moldova will have easier access to markets in EFTA member countries, which will encourage more foreign investment in Moldova and open new export opportunities for local companies. This means opportunities to create well-paid jobs in various sectors of Moldova's economy. In the near future, I will convene various groups of Moldovan exporters to determine how we can help them break into some of the most prosperous countries in the world and how to make the most of this economic opportunity," Dumitru Alaiba wrote. As InfoMarket agency reported earlier, the EFTA Association includes Iceland, Liechtenstein, Norway and Switzerland. Negotiations on a free trade agreement between Moldova and the European Free Trade Association were launched in 2021 on the basis of a joint declaration on economic cooperation signed in 2017. //27.03.2023 - InfoMarket.
