EU launches trade negotiations with Moldova
- 05.12.2011 17:19
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The European Union on December 5 decided to open negotiations on a deep and comprehensive free trade area with Moldova and Georgia in order to boost economic growth and investment with the Eastern European partners, Info-Prim Neo has learned from the Ministry of Foreign Affairs and European Integration.
The negotiations will tackle a broad range of trade and economic issues so as to achieve a closer economic integration with the EU.
“A deep and comprehensive free trade area will help Georgia and Moldova to become more competitive and enjoy the benefits of the EU single market,” EU Trade Commissioner Karel De Gucht said in a statement.
“This kind of economic integration is one of the cornerstones of our relations with countries of Eastern Partnership,” Commissioner for Enlargement and European Neighborhood Policy Štefan Füle said. “Moldova and Georgia have achieved sufficient progress with the necessary reforms and have fulfilled a set of conditions to be able to proceed further in the gradual economic integration with the EU internal market.” The free trade areas are expected to diversify and strengthen Georgia and Moldova's export capacity and effectively open the EU market of 500 million consumers.
