The GUAM member states will cooperate in combating customs frauds associated with transactions with goods transported by air by exchanging information based on an interdepartmental protocol. The document was signed by the customs heads of the GUAM member states in Chisinau on October 5, IPN reports.

According to the Customs Service of Moldova, through this protocol the sides will be able to better secure the commercial operations so as to prevent eventual damage to the economic interests of the represented states.

During the first eight months of this year, the commercial relations between Moldova and the GUAM partner states intensified. To Ukraine alone, Moldova exported goods to the value of almost US$ 125 million, an increase of 46% compared with the corresponding period last year. Imports from this country rose by 34%.

Imports from Azerbaijan increased significantly, about four times. Trade with Georgia also grew. Imports from this country in the period rose by 50%, while Moldova’s exports to Georgia by 22%.

The Organization for Democracy and Economic Development (GUAM) is a regional cooperation body that consists of Georgia, Ukraine, Azerbaijan and Moldova.