The Prime Minister of Ukraine Denis Shmygal and the Prime Minister of Moldova Natalia Gavrilița signed a Protocol between the Cabinet of Ministers of Ukraine and the Government of Moldova amending the Free Trade Agreement.

According to Denis Shmygal, the amendments to the Free trade agreement stipulate that pan-Euro-Mediterranean rules of origin will be applied in trade between Ukraine and Moldova.

„This is a great change in trade relations. The transition to these rules of origin unites the Ukrainian and Moldovan Association Agreements with the EU into one system. A year ago we took such a step with Georgia. So, now we are combining the trade regimes of all the countries of the Associated Trio with each other and with the EU,“ - said the Prime Minister of Ukraine.

The head of the Ukrainian government noted that the system of pan-Euro-Mediterranean cumulation allows trading in goods that are made from components that can originate from all countries in this system.

„This protocol is another step towards the withdrawal of the Associated Trio from the CIS trade relations and the transition to an EU-centric economy,“ - said Denis Shmygal.

From her side the Prime Minister of Moldova Natalia Gavrilița noted that the Protocol reaffirms its readiness to promote trade relations between the two countries, in particular on the path to European integration.

Reference source: Дія.Бізнес.Експорт