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Moldova

Moldova

The EU initialled the Association Agreement with Moldova on 29 November 2013. The agreement includes provisions establishing the Deep and Comprehensive Free Trade Area (DCFTA).

The negotiations on the trade part started in February 2012 and have been technically completed on 12 June 2013, in seven rounds in total.

Trade picture

  • The EU is Moldova's first trading partner with 54% of Moldova's total trade - followed by Ukraine (15%) and Russia (12%). Overall trade with Moldova accounts for only 0.1% of EU's overall trade.
  • EU exports to Moldova (€ 2 billion in 2012) are dominated by machinery, transport equipment, chemicals, fuels, mining products and agricultural products.
  • EU imports from Moldova (€ 940 million in 2012) are mainly agricultural products, clothing, textiles and machinery.
  • Over half of Foreign Direct Investment came from the EU Member States and more than 10% from the Commonwealth of Independent States member countries.

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

Moldova's exports to the EU are already liberalised to a large extent under the EU Autonomous Trade Preferences. This preferential regime (together with Generalised Scheme of Preferences Plus regime) offers the most favourable access to the EU market for Moldova. It grants Moldova unlimited and duty free access to the EU market for all products originating in Moldova, except for certain agricultural products (for which tariff rate quotas are defined).

Moldova has a non-preferential Partnership and Co-operation Agreement with the EU since 1994. This will be replaced by a new EU-Moldova Association Agreement currently under negotiation.

Moldova and European Neighbourhood Policy

Moldova is a partner country of the Eastern Partnership within the European Neighborhood Policy. The European Neighborhood Policy constitutes an important part of the political, economic, and institutional reform work that the EU is actively assisting Moldova with. The 2005 EU – Moldova European Neighbourhood Partnership Action Plan lays out the strategic objectives for political, economic and institutional reforms in Moldova and is currently being implemented.

Moldova is also a member of the Commonwealth of Independent States (CIS). In October 2011 a free trade agreement was signed among 8 CIS member states. Moldova is also a party to the amended and enlarged Central European Free Trade Agreement, which entered into force in July 2007.

Trading with Moldova