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Moldova

Moldova

On 27 June 2014,  the European Union and Moldova signed an Association Agreement and have applied it provisionally since 1 September 2014.

The Agreement introduces a preferential trade regime – the Deep and Comprehensive Free Trade Area (DCFTA).

 

Trade picture

  • The European Union is Moldova's biggest trade partner. 62% of its exports are destined to the EU, followed by Russia (12% ) and Belarus (6.6%).
  • For the EU, trade with Moldova accounts for 0.1% of its overall trade. Moldova ranks 68th among the EU's trade partners, with a total turnover of EUR 3.3 billion in 2015, a decrease of 6% since 2014.
  • In 2015, EU exports to Moldova amounted in 2014 to EUR 2.08  billion, a decrease of 11% since 2014.
  • In the same period, the EU imports from Moldova continued to grow. Total imports increased by 5%, to EUR 1.22 billion.
  • Key EU exports are machinery and appliances, mineral products, transport equipment, and chemical products.
  • Among goods imported from the Republic of Moldova are mainly textiles and textile articles, machinery and appliances, vegetable products and other foodstuffs and beverages.

EU-Moldova "trade in goods" statistics

Trade in goods 2013-2015, € billions
Year EU imports EU exports Balance
2013 1.0 2.3 1.3
2014 1.2 2.4 1.2
2015 1.2 2.1 0.9

EU-Moldova "trade in services" statistics

Trade in services 2012-2014, € billions
Year EU imports EU exports Balance
2012 0.3 0.4 0.1
2013 0.5 0.5 0.0
2014 0.6 0.6 0.0

Foreign direct investment

Foreign direct investment 2014, € billions
Year Inward stocks Outward stocks Balance
2014 0.1 1.0 0.9

Date of retrieval: 14/04/2016

More statistics on Moldova

EU and Moldova

The EU Regulation on Autonomous Trade Preferences for Moldova expired on 31 December 2015. The free trade area set up by the DCFTA part of the Association Agreement constitutes the main framework of EU-Moldova preferential trade relations.

The DCFTA sets up a free-trade area between the EU and Moldova, in line with the principles of the World Trade Organisation.  It removes import duties for most goods traded between the EU and Moldova and provides for broad mutual access to trade in services.  It also includes provisions on establishment, which allow EU and Moldovan companies to set up a subsidiary or a branch office on a non-discriminatory basis, benefitting from the same treatment as domestic companies in the partner's market.

An important part of the DCFTA is aligning Moldovan trade-related laws to selected EU legislative acts.  Adoption by Moldova of EU approaches to policy-making will improve governance, strengthen the rule of law and provide more economic opportunities by opening further the EU market to the Moldovan goods and services. It will also attract foreign investment to Moldova.

Any question on the functioning of the may be addressed to the European Commission at TRADE-DCFTA-MD@ec.europa.eu

Moldova and European Neighbourhood Policy

Moldova is a partner country of the Eastern Partnership within the European Neighborhood Policy. In 2014, the EU and Moldova agreed an Association Agenda. The Agenda outlines the priorities for reform in Moldova and is based on the commitments included in the 2014 Association Agreement. It replaces the  2005 EU – Moldova European Neighbourhood Partnership Action Plan.  The reform progress in Moldova is documented by the EU in the ENP progress reports.

Trading with Moldova