Beyond Brexit—UK-Moldova trade continuity agreement signed

Beyond Brexit—UK-Moldova trade continuity agreement signed

The Foreign, Commonwealth & Development Office has announced that a UK-Moldova Strategic Partnership, Trade and Cooperation Agreement (SPTCA) was signed on 24 December 2020. The SPTCA locks in the benefits of the existing UK-Moldova trading relationship (as contained in the EU-Moldova Association Agreement and Deep and Comprehensive Free Trade Agreement), worth £395m in 2019, ‘as far as possible’. The SPTCA also sets out ambitions for a stronger UK-Moldova relationship by strengthening political, economic, security and cultural ties, with the trading relationship already having grown 77% between 2015 and 2019.

Source: UK and Moldova sign Strategic Partnership, Trade and Cooperation Agreement

For further detail, see: LNB News 28/12/2020 1.

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