The first tangible results of the EU Association Agreement (Policy Brief #4)
Automatically translated summary. The full text is available in Romanian.
The EU Association Agreement entered into force provisionally on 1 September 2014. For more than two months, the Republic of Moldova has therefore benefited from the Deep and Comprehensive Free Trade Area with the EU (DCFTA). This policy brief examines the first tangible effects of the agreement, particularly in the agri-food sector.
Although the Association Agreement is expected to bring benefits over the medium and long term (5-7 or even 10 years), it has already produced tangible effects in its first two months. Notably, they were felt in the agro-industrial sector, which is considered the most sensitive to trade liberalisation with the EU.
In September-October 2014, exports rose impressively compared with the previous year: wine (+26%), apples (2.7 times), plums (8.1 times), table grapes (5.8 times), frozen sweet corn (over 3 times) and cereals (+77%). Because the comparison is year on year, the seasonal factor is eliminated. The growth also came despite a high base, as 2013 was a very fruitful year.
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