Moldova liberalizes trade with the EFTA countries Switzerland, Iceland, Liechtenstein, and Norway. The agreement is to be approved by the Government and sent to the head of state.
Through the document, the authorities aim to strengthen economic cooperation, expand bilateral trade, and create a level playing field. The agreement covers trade in goods and services, intellectual property rights, competition, government procurement, trade and sustainable development, and e-commerce.
“EFTA Member States can become one of the important export destinations for domestic producers of agri-food and industrial products,” the draft, to be approved by the Government, states.
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The free trade agreement between the Republic of Moldova and EFTA member states was signed on 27 June 2023 in Schaan, Liechtenstein. The document has no “validity period,” it will enter into force on the first day of the third month after at least one EFTA state and the Republic of Moldova have deposited their instrument of ratification, acceptance, or approval with the depositary, a role assumed by Norway.