Moldova - largest beneficiary of DCFTA - German experts say

Chisinau, 2 September /MOLDPRES/- Moldova was in 2013-2018 the largest beneficiary of the Association Agreement, implicitly of the Free Trade Agreement (DCFTA), of the three signatory countries of the Eastern Partnership. The Republic of Moldova has benefited from the provisions of the DCFTA in 60%, Ukraine - 20%, and Georgia - 9%, analysts from the Berlin Economics Institute said.

German experts note that in 2013-2018, the Moldovan export to the market of European states tripled. "Due to this strategic document, we were able to compensate for the losses in trade with other states and created jobs. If during this period the country was not corrupt, I would benefit even more. We will benefit more in the future by building Europe at home ”, Foreign Minister Nicu Popescu said.

The Association Agreement between the Republic of Moldova and the European Union was signed on June 27, 2014 in Brussels, Belgium. The agreement was ratified by the Parliament of the Republic of Moldova on July 2, 2014 and by the European Parliament on November 13, 2014.

Exports of agricultural products from Moldova to the EU market increased by 500 million euros during two years, following the implementation of phytosanitary measures provided for by the Deep and Comprehensive Free Trade Agreement, the Expert-Grup Center noted.

Eliminating tariffs after signing DCFTA for 91 per cent of local products led to saving over 11.2 million euros annually for farmers.

After the creation of the Deep and Comprehensive Free Trade Agreement with the EU, its share increased from 61.9 percent in 2015 to 68.8 percent in 2018, according to data of the National Bureau of Statistics.