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Moldova, Turkey Negotiating FTA

by Ulrika Lomas,, Brussels

27 May 2011

Moldova and Turkey have begun negotiations on the possibility of a free trade agreement, regarded as crucial in the face of rapidly increasing mutual trade.

Discussions took place from May 23-24 in the Moldovan capital Chisinau, where Moldovan negotiators were seeking liberalization of trade in Turkish industrial products.

A limited and controlled liberalization of agricultural tariffs, within what the Moldovan government has called mutually advantageous conditions, was also provisionally agreed to. Any such action will take into account the development priorities of the affected sectors in each country.

It was also agreed that, once drafted, a treaty document will contain similar provisions to those agreements previously concluded by the Moldovan government, and be in line with the General Agreement on Tariffs and Trade 1994.

A single working group is to be set up, and will include representatives of all institutions concerned. Those partaking in the next round of talks, to be held at an as yet unspecified date, are expected to be presented with a series of documents related to the industrial and agricultural arrangements, as discussed at this first gathering.

According to Moldovan government figures, mutual trade reached USD288m in 2010. Year-on-year trade volume grew by 41%, and Turkish trade represented 5.2% of Moldova's total foreign trade in 2010, compared with 4.5% the previous year.

TAGS: business | free trade agreement (FTA) | trade treaty | agreements | manufacturing | Moldova | trade | Turkey

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