Moldovan government approves action plan on Moldova-EU comprehensive, free trade area
The government approved Moldova's action plan on the implementation of the European Commission's recommendations on the creation of a deep and comprehensive free trade area between Moldova and the European Union.
Economics Minister Valeriu Lazar said that the creation of the deep and comprehensive free trade area aims at facilitating the commerce with the EU countries by excluding taxes, so that Moldova can enjoy the opportunities offered by the EU market. "The creation of this area will involve the liberalization of the service market, the free movement of the labour manpower and the cooperation for supporting Moldovan institutions," Valeriu Lazar said.
The action plan worked out by the Economics Ministry was carried out on the basis of the recommendations of the European Commission assessment mission, on 31 May - 2 June 2010. The recommendations aim at adjusting 13 sectors of economy to the European legislation.
The talks on the association agreement between Moldova and the EU were launched on 14 January 2010. The deep and comprehensive free trade area is a part of this agreement. The association agreement between Moldova and the EU aims at Moldova's integration in the EU, by excluding taxes, reducing transactional costs and non-tariff barriers, as well as at improving Moldova's investment environment.
The implementation of the actions stipulated in the action plan will require financial assistance from the European donors, as well as budgetary resources.
Moldpres
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