New Free Trade Agreement between Ukraine and Moldova
Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Moldova Natalia Gavrilitsa signed an intergovernmental protocol on amendments to the Free Trade Agreement (FTA).
According to the Ukrainian government’s press service, the amendments to the Free Trade Agreement stipulate that the pan-Euro-Mediterranean rules of origin of goods should be applied in trade between Ukraine and Moldova.
The transition to these rules of origin of goods unites the Ukrainian and Moldovan Association Agreements with the EU into one system. We made such a step with Georgia a year ago. Now we are uniting the trade regimes of all the states of the Associated Trio among ourselves and the EU.
This protocol is another step towards the withdrawal of the Associated Trio countries from the trade relations of the CIS and the transition to an EU-centered economy.Denys Shmyhal, Prime Minister of Ukraine
The head of the Ukrainian government said the pan-Euro-Mediterranean cumulation system allows trading in goods that are produced from components that can originate from all countries in this system.
In turn, the Prime Minister of Moldova said the Protocol confirms the readiness to promote trade relations between the two countries, in particular on the path of European integration.