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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.

Better Regulation Agenda

Trade agreements with Georgia and Moldova – evaluation

Trade picture

  • The European Union is Moldova's biggest trade partner, accounting for 54% of its total trade, followed by Russia (10%) and China (7%). Around 64% of Moldovan exports are destined to the EU market.
  • Moldova ranks 59th among the EU's trade partners, with a total turnover of €4.7 billion in 2019, an increase of about 40% since 2015.
  • The EU's exports to Moldova amounted in 2019 to €2.9 billion, an increase of 8,5% from 2018. Key EU exports are mineral fuels, electrical machinery and vehicles.
  • The EU's imports from Moldova slightly decreased by 2,7% in 2018-2019, from €1.83 billion to €1.78 billion in 2019, but remains stable after a particular increase in the previous years. The main EU imports from Moldova are electrical machinery and equipment (notably insulated wire and cables), apparel and clothing and oil seeds (especially sunflower seeds).
  • The number of companies involved in trade with the EU has continued to increase, with approximately 1 837 Moldovan companies exporting to the EU in 2019 up from 1 734 firms engaged in exporting to the EU in 2018.

EU-Moldova: Trade in goods

Trade in goods 2017-2019, € billions
Year EU imports EU exports Balance
2017 1.6 2.4 0.8
2018 1.8 2.7 0.9
2019 1.8 2.9 1.2

EU-Moldova: Trade in services

Trade in services 2016-2018, € billions
Year EU imports EU exports Balance
2016 0.4 0.5 0.1
2017 0.5 0.4 -0.0
2018 0.5 0.4 -0.1

EU-Moldova: Foreign direct investment

Foreign direct investment 2018, € billions
Year Inward stocks Outward stocks Balance
2018 0.1 1.1 1.0

Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Date of retrieval: 22/04/2020

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, which will be soon replaced by a new 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 annual implementation reports.

Committees and Dialogues

The EU and Moldova meet regularly to discuss issues and best practices when applying the DCFTA Agreement.

Association Committee in Trade Configuration

6th meeting – 4 October 2019: Agenda | Joint report

Sub-committee on Geographical Indications

4th meeting – 18 October 2018: Agenda | Joint report

5th meeting – 17 October 2019: Agenda | Agreed Minutes

Customs Sub-Committee

5th meeting – 21 November 2019: Agenda | Joint Report and Conclusions

Trade Sustainable Development Sub-Committee

4th meeting – 4 July 2019: Agenda | Joint Statement

More on the Implementation of the Trade and sustainable development (TSD) chapter in trade agreements - TSD committees and civil society meetings

SPS Sub-Committee

5th meeting – 19-20 July 2019: Proposed Agenda | Joint Report

 

Trading with Moldova