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Moldova

Moldova

The Association Agreement between the European Union and the Republic of Moldova was signed in June 2014 and has been in full effect since July 2016.

Since the Agreement's provisional application since September 2014 Moldova has benefitted from a (DCFTA) with the EU.

This preferential trade system has allowed Moldova to benefit from reduced or eliminated tariffs for its goods, an increased services market and better investment conditions.

Trade picture

  • The European Union is Moldova's biggest trade partner. Around 62% of its exports are sent to the EU, followed by Russia (12%) and Belarus (6.7%).
  • The EU's 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 €3.3 billion in 2015, a decrease of 6% since 2014.
  • The EU's exports to Moldova amounted in 2015 to €2.08 billion, a decrease of 11% since 2014. Key EU exports are machinery and appliances, mineral products, transport equipment, and chemical products.
  • The EU's imports from Moldova increased by 5% from €1.16 billion to €1.22 billion in 2015. Key EU imports from Moldova are mainly agricultural products and beverages, textiles and textile articles, machinery and appliances.

EU-Moldova: Trade in goods

Trade in goods 2014-2016, € billions
Year EU imports EU exports Balance
2014 1.2 2.4 1.2
2015 1.2 2.1 0.8
2016 1.3 2.0 0.7

EU-Moldova: Trade in services

Trade in services 2013-2015, € billions
Year EU imports EU exports Balance
2013 0.5 0.5 0.0
2014 0.6 0.6 0.0
2015 0.7 0.6 -0.0

EU-Moldova: Foreign direct investment

Foreign direct investment 2015, € billions
Year Inward stocks Outward stocks Balance
2015 0.1 1.0 0.9

Date of retrieval: 15/02/2017

More statistics on Moldova

EU and Moldova

EU-Moldova trade relations are determined by the free trade area set up by the DCFTA part of the Association Agreement.

The DCFTA sets up a free-trade area between the EU and Moldova in line with the principles of the World Trade Organisation.

The DCFTA allows for:

  • The removal of import duties for most goods traded between the EU and Moldova
  • Provides for broad mutual access to trade in services for both partners
  • Both EU and Moldovan companies can create a subsidiary or a branch office on a non-discriminatory basis. This means they receive the same treatment as domestic companies in the partner's market when setting up a business.

An important part of the DCFTA is aligning Moldovan trade-related laws to selected EU legislative acts. The aim of Moldova's adoption of EU approaches to policy-making is to improve governance, strengthen the rule of law and provide more economic opportunities by widening the EU market to Moldovan goods and services.

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. The reform progress in Moldova is documented by the EU in the ENP progress reports.

Trading with Moldova