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| 05 apr 2018 |
13:02 |
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Moldova advances in reform implementation but considerably more progress is needed
The Republic of Moldovahas managed to stabilise its economic situation and, with constant but conditional support from the European Union and other international partners, has progressed with the implementation of some reforms, for example in the business and financial sectors, however, further efforts by the Moldovan authorities are required, in particular to address high level corruption, the one billion dollar banking fraud, reform the judicial system and ensure inclusiveness in the electoral process.
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These are among the conclusions presented today in a Joint Report by the European External Action Service and the European Commission on the implementation of Moldova's commitments under the EU-Moldova Association Agreement since the last meeting of the EU-Moldova Association Council. "We have a comprehensive agenda with the Republic of Moldova", said the High Representative/Vice-President, Federica Mogherini. "Some reforms have recently advanced […] and further progress is needed in other areas, notably the fight against corruption and reforming the judiciary. Our support to the people of Moldova is clear and we expect satisfactory reform progress by the authorities, which would bring tangible benefits for Moldovan citizens." Commissioner for European Neighbourhood Policy and Enlargement Negotiations, Johannes Hahnadded: "The EU is Moldova's main trading partner […]. Since the Association Agreement including the DCFTA entered into force, the EU's share in Moldova's exports has increased and accounts now for more than half of Moldova's total trade. […] To fully reap the rewards of our Association Agreement, Moldova needs to keep on implementing further reforms, without delay." The report was published ahead of the next EU-Moldova Association Council, which is scheduled to take place on 3 May 2018 in Brussels.
A full press release is available online. For more information see the Joint Report, factsheet and websiteof the EU Delegation.
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