Moldova could be expelled from the regional Commonwealth of Independent States' free trade zone after it signed the association agreement with the European Union, a Russian official said on Monday.
On Friday, the European Union will sign Association Agreements with Georgia and Moldova and complete the signature process with Ukraine, each providing for a Deep and Comprehensive Free Trade Area.
An agreement on Moldova's admission to a free trade zone with the European Union (DCFTA) will be signed no sooner than a year's time, Moldova's Economy Minister Valeriu Lazar said at a Wednesday press conference.
Uzbekistan might join the free trade zone of the Commonwealth of Independent States by the end of May 2013, Director of the First Department of the CIS States of the Russian Foreign Ministry told reporters on 29 January before the start of ministerial consultations in the CIS Executive Committee, BelTA has learnt.
The free trade agreement with the CIS member countries, signed in St Petersburg in 2011 and ratified by the Moldovan parliament on 27 September 2012, entered into force for Moldova in 2013.
Health advocates have asked the EU not to include data exclusivity requirements in the “Deeply Comprehensive Free Trade Agreement” that is being negotiated between the EU and Moldova.
European Commission President Jose Manuel Barroso believes Moldova and the EU could sign an association agreement within a year, before an Eastern Partnership summit scheduled for September 2013, the Moldovan government reported citing Barroso as saying in a telephone conversation with Prime Minister Vlad Filat.
The European Union has officially announced that it is preparing to start negotiations to form a free trade zone with Moldova and Georgia, the Moldovan Foreign Affairs and European Integration Ministry said in a press release, received by Interfax on Tuesday.
The negotiations over a free trade zone between Moldova and the EU will begin this summer and end in 2015. This is when the two sides will establish actual economic relations.