OREANDA-NEWS. November 30, 2009. As it was informed in the permanent EC commission in Chisinau, this is the highest per capita allocation in the Eastern Neighbourhood. This amount should increase significantly in the next programming period (2011-2013).

In view of the current financial and economic crisis, the Commission has increased and accelerated disbursement of its budget sector support to Moldova. The EU is also planning to support Moldova further with substantial Macro-financial Assistance to complement a new agreement with the IMF.

The EC representation noted that since 1 March 2008 there is a system of Autonomous Trade Preferences (ATP) which means that the EU lifts trade tariffs for nearly all Moldovan products except those clearly specified in the ATP regulation, for which only a quota is tariff-free. The EU is Moldova’s most important trading partner with a share of almost 50% in total bilateral trade.