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Moldova

Moldova

On 27 June 2014, the two partners 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. 45.4% of its trade takes place with the EU, followed by Russia (25.5%) and Ukraine (11.8%).
  • For the EU, trade with Moldova accounts for 0.1% of its overall trade. Moldova ranks 71 among the EU's trade partners, with a total turnover of EUR 3.24 billion in 2013.
  • EU exports to Moldova amounted in 2013 to €2.28 billion. Key exports are machinery and appliances, mineral products, transport equipment, and chemical products.
  • In 2013, the EU imported goods to the value of € 962 million from Moldova. These were mainly textiles and textile articles, machinery and appliances, vegetable products and other foodstuffs and beverages.

EU-Moldova "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 0.8 1.9 1.0
2012 0.9 2.0 1.1
2013 1.0 2.3 1.3

More statistics on Moldova

EU and Moldova

The EU Regulation on Autonomous Trade Preferences for Moldova continues to be in place and co-exists with the DCFTA.  In December 2013, the Regulation was amended to extend duty-free treatment to Moldovan wine.  The Regulation will apply until 31 December 2015 to make it easier for business to adapt during the transition period between the autonomous preference and the DCFTA.

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.

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