Free Trade Agreement (FTA) between The Republic of Turkey and the Republic of Moldova was signed on 11 September 2014 in Chisinau and entered into force on 1 November 2016.
With Turkey-Moldova FTA, tariff and non-tariff barriers for trade were eliminated in trade between the Parties. Also, Agreement regulates numerous subjects such as sanitary and phytosanitary measures, technical barriers to trade, intellectual property, rules of origin, internal taxation, anti-dumping and countervailing measures, safeguards, and balance of payments measures.
Turkey eliminates the customs duties on industrial goods originating in Moldova upon the entry into force of this Agreement. Customs duties on imports into Moldova for industrial goods originating in Turkey were abolished upon the entry into force of this Agreement, except for the goods listed in Annex II. Regarding the goods listed in Annex II-List A, customs duties on imports into Moldova for industrial goods originating in Turkey will be eliminated in three years and in Annex II-List B will be eliminated in five years. Since 1 November 2020, customs duties applied by Moldova on imports of all industrial products originating in Turkey will be abolished.
Concerning agricultural products, the Parties exchanged mutual concessions for certain products in the form of tariff quotas or on unlimited basis subject to MFN duty reduction or exemption. Reciprocal concession lists for agricultural products are laid down in Annex III of the Agreement.
The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Annex I of the Agreement.
The trade volume between Turkey and Moldova was realized as 465 Million US $ in 2017 with an increase of 12% compared to 2016. In 2017, imports from Moldova were 167 million US $, whereas exports to Moldova was 261 million US $.