Moldova needs to revise the “roadmap” for the implementation of DCFTA, - ex-Minister of Economy Valeriu Lazar.
At a meeting of the Economic Press Club on Wednesday, Lazar in particular noted that the program, adopted 5 years ago, is designed for 10 years and is in the middle of the way. However, due to the banking crisis and political instability over the past period, Moldova did not achieve the planned results, actually losing three years out of five. “It’s not that nothing has been done, but not much has been done,” Lazar stressed. In particular, no one expected that with the introduction of DCFTA, Russia would impose an embargo on Moldova and, in fact, all the advantages that the country received with the growth of exports to the EU were leveled at the overall level by losses of exports to Russia. In addition, Moldova did not receive any assistance from the EU, even the promised first 100 million euros; while other countries that subsequently entered the European Union received financial assistance for structural reforms and before the introduction of similar programs, both during and after. “This is not a panacea, but without external support, no country in the world can implement such a volume of structural reforms that DCFTA provides for using internal resources,” Lazar said. According to the agreement, over the 10-year period Moldova should adopt more than 300 European directives and most importantly increase the competitiveness of its products, making it attractive not only for the EU market, but also for other export countries. Now the situation has changed, and in the remaining 5 years of the program it is necessary to revise its roadmap, taking into account not only internal factors, but also changes taking place in Europe and globally. “The mandate of the current government is less than four years, and therefore it will be asked before. The members of the government, many of whom act as prosecutors and judges, have time to build work plans, ”said Valeriu Lazar. At a meeting of the Economic Press Club, presenting the results of the first 5 years since the signing of the DCFTA, Executive Director Adrian Lupusor noted that thanks to the DCFTA, exports from Moldova increased by $ 1.5 billion from 2014, of which the “net balance” accounts for $ 600 million, which is primarily due to agricultural exports, which amounted to $ 475 million. It was noted that further growth in exports can hardly be expected due to the lack of investment in business and infrastructure. Therefore, in the near future, the priority areas should be investment attraction, which is possible only with political stability, support of development partners and support of small and medium-sized businesses.// 17.07.2019 — InfoMarket.