Committee on Regional Trade Agreements - Council for Trade in Services - Notification of regional trade agreement - Iceland and the Republic of Moldova

NOTIFICATION of regional trade agreement

1.

Member(s) notifying:

Iceland and the Republic of Moldova

2.

Date of notification:

29 August 2024

3.

Notification pursuant to

[X] Article XXIV:7(a) of GATT 1994

[X] Article V:7(a) of GATS

[ ] Paragraph 4(a) of the Enabling Clause

4.

Parties to the Agreement:

Republic of Moldova and the EFTA States (Iceland, Liechtenstein, Norway and Switzerland)

5.

Date of signature:

27 June 2023

6.

Date(s) of entry into Force:

1 September 2024 (for the Republic of Moldova and Iceland)

7.

Brief description of the Agreement:

The Agreement covers trade in goods, including industrial products, fish and other marine products, and agricultural products. It aims to liberalise trade in goods in conformity with the relevant WTO provisions. By 1 September 2024, customs duties on almost all products will have been eliminated.

In addition, the Agreement includes provisions on trade in services, investment, intellectual property rights, e-commerce, government procurement, competition, trade and sustainable development, and cooperation, as well as horizontal, institutional and dispute settlement provisions. This is the first agreement signed by EFTA containing a chapter on e-commerce.

The Agreement establishes a Joint Committee which, among other functions, will supervise and examine the application thereof.

8.

Text and related schedules, annexes and protocols are:

[X] submitted to the WTO Secretariat (electronic format)

[X] available from the following official Internet link(s):      

https://www.efta.int/sites/default/files/documents/legal-texts/free-trade-relations/moldova/EFTA-Moldova_Main_Agreement.pdf

https://www.efta.int/trade-relations/free-trade-network/moldova