Connect with us

Moldova

EU and Moldova extend road transport agreement

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The EU and Moldova has decided to extend the validity of their current road transport agreement until 31 March 2027. The agreement aims at helping Moldova access world markets by facilitating transit through EU countries and further developing its links with the EU market. This agreement with Moldova, first signed on 29 June 2022, has substantially increased exports by road from Moldova to the EU, to the benefit of both economies.

Sustainable Transport and Tourism Commissioner Apostolos Tzitzikostas (pictured) stated: "We are very pleased to extend the road transport agreement with Moldova, which has already proven to be a real success for both sides. It has provided vital support to the Moldovan economy, while boosting EU exports to Moldova. This extension is a tangible demonstration of the EU’s continued support to Moldova and of the steady integration of our economies."

The agreement was put in place following the loss of important transport routes passing through Ukraine's Black Sea ports and export markets to the east of Ukraine caused by the Russian war of aggression against Ukraine. By partly liberalising road freight transport through giving transit and bilateral transport rights to Moldovan and EU hauliers for their respective territories, the agreement helps better anchoring the Moldovan market into the EU. The agreement has also strengthened the EU-Ukraine Solidarity Lanes, by facilitating road transport between the EU and Moldova, which is an important country of transit for Ukrainian exports and imports.

Exports by road from Moldova to the EU increased by 57% in volume and 41% in value terms in the third quarter of 2024, respectively compared to the same period in 2021 (before the agreement). The EU also greatly benefited from the agreement, since EU exports by road to Moldova increased by 49% in value and 36% in volume terms from the third quarter of 2021 to the third quarter of 2024.

Background

The purpose of this agreement is to temporarily facilitate road freight transport between and through the territory of the European Union and Moldova. It aims to counter the significant road transport disruptions caused by the Russian war of aggression against Ukraine, by granting additional rights of transit and carriage of goods between the two markets.

Share this article:

Share this:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.

Trending