“As for possible protective measures in trade relations with Moldova the issue will be considered at a council’s meeting on July 16,” Shuvalov said, noting that specific materials had already been submitted for debate.
“As for Moldova’s GDP it totals around $9 billion jointly with the Transdniestria and more than one fourth of export falls on Russia. Mostly such Moldovan products as wine, juices and vegetables are delivered to Russian market,” the first deputy prime minister said.
In his words, “It is needed to study all opportunities which exist” to protect Russian market regarding three countries which signed the association deals with the European Union and began applying it or are ratifying it. Notably, this is the free trade zone treaty and sixth addendum, as the treaty allows using protective measures based on national security principles, including not only measures in trade, but also an option to introduce a common customs duty rate, Shuvalov said.
“It is obvious that this will affect it (Moldova) quite seriously in trade and economic relations with other participants of international ties, including the Customs Union states and member states of the CIS Free Trade Zone Treaty,” he said.
Medvedev recalled that Moldovan parliament had ratified the Association Agreement with the European Union several days ago and temporary effect of this document would begin after its ratification by the European Parliament. The prime minister noted that under the association deal Moldova should introduce quicker European technical regulations and standards which did not meet Russian and Customs Union rules. “European produce re-export under the brand of Moldovan products is also quite possible to the Customs Union states. Other consequences that we do not feel now may follow,” Medvedev noted, adding that in this situation it was needed to scrutinise all possible risks and take measures to ensure reliable protection of Russian market, primarily agrarian market.