EU-Moldova: Temporary trade liberalisation measures

This law continues temporary measures to help Moldova's economy by suspending EU import duties on certain Moldovan products. These measures are needed because Russia's war against Ukraine has disrupted Moldova's trade routes and ability to export. The law primarily affects producers and exporters in Moldova, allowing them continued access to the EU market for specific goods like fruits and vegetables. It also impacts EU producers by introducing safeguards to prevent market disturbances. The main change is the renewal of duty suspensions for products such as tomatoes, garlic, grapes, apples, cherries, plums, and grape juice. A strengthened safeguard mechanism allows the EU to quickly reintroduce duties if imports cause problems in the EU market. These measures will be in place for one year, starting from July 25, 2024. The European Commission will monitor import volumes and prices to manage the safeguard mechanism effectively.