OREANDA-NEWS. June 20, 2014. Moldova’s economy Ministry, which is in charge of coordinating and monitoring the creation of DCFTA, has convened public officials, Moldova's development partners and international donors and diplomats accredited to Moldova for a meeting under the EU’s Support to DCFTA Implementation project.

The participants of the meeting were told about key areas included in the DCFTA agreement and requiring financing. According to the Ministry, the main directions to be in focus of the financial and technical aid are as follows: ensuring access of commodities to the market by removing technical barriers to trade; enhancing quality infrastructure; adopting new standards; liberalizing trade through better customs and tax administration; developing financial services; consolidating institutional abilities for public procurement, etc.

To improve the business environment and investment climate in Moldova through implementation of the regulatory reform, USAID will provide our country with EUR 3 million approximately; to consolidate MIEPO’s abilities of attracting investment, including those in Moldova’s industrial parks, UNIDO will provide about EUR 1 million; the International Fund for Agricultural Development will support agricultural business and rural development projects in Moldova with EUR 24 million approximately, the press service of the Economy Ministry reports.

Participants of the meeting pointed out the necessity to develop a network for coordinating and monitoring the aid Moldova receives for implementation of the DCFTA Action Plan. Let’s remind that the EU launched the Support to DCFTA Implementation project in March 2014 to render assistance to Moldova’s authorities at creating DCFTA through enhancement of abilities of Moldova’s public establishments of developing polices, harmonizing legislation, coordinating communications, etc.

The EU has decided to allot EUR 30 million to Moldova for implementation of the DCFTA agreement. The funds will be disbursed starting from Q4 2014 and to 2017.