News

UK-Moldova Strategic Partnership, Trade and Cooperation Agreement

Trade and market access

Brexit pulse alert: respond to eh business impacts of Brexit
24 December, 2020

Brexit development

The UK government has agreed a Strategic Partnership, Trade and Cooperation Agreement with Moldova to ensure businesses in both countries can continue to trade on largely the same terms as present.

Top Brexit impacts

The agreement provides confidence to businesses that trade between the UK and Moldova will continue on largely the same terms as secured in the EU-Moldova Association Agreement. Total trade in goods and services between the UK and Moldova was worth almost £400 million in 2019.

The agreement also includes a range of other provisions beyond the terms of trade, with the UK government stating that it “sets out the UK and Moldova’s ambitions for our future relationship including the strengthening of our political, economic, security and cultural ties. As part of the Agreement, the UK recognises and supports Moldova’s commitment to an ambitious programme of reforms and its political, economic and legal accomplishments.”

Actions for business

Businesses trading within the UK-Moldova corridor will be able to plan for the future with greater certainty. Once published, businesses will have some time to examine the legal text of the agreement, which will come into effect after the transition period.

To discuss specific support with your Brexit preparations based on this latest development contact: Deloitte Brexit Insights

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