Republic of Moldova & the EU – Trade
Trade relations between the EU and the Republic of Moldova are an important factor in economic growth of the Republic of Moldova. Over the last years, bilateral trade between the European Union and Republic of Moldova has been growing very fast, thanks to the EU decision to open its market unilaterally to the Republic of Moldova in 2008, through the so called Autonomous Trade Preference.
Since 2008, the European Union (EU) has progressively become Moldova’s main trade partner for import and export, with today’s share approaching a half of Moldova's total annual foreign trade (46.4%).
This trend is set to continue with the recent conclusion of the Association Agreement(Romanian version) which includes the Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Republic of Moldova. The Agreement, which has created a new and closer political and economic relationship between the EU and Republic of Moldova, is applied since 1 September 2014.
• Bilateral EU-Moldova trade grew in 2014 by 8%, largely due to the strong growth of imports from Moldova. Total trade amounted to EUR 3.5 billion or EUR 272 million more than in 2013. EU imported from Moldova goods to the value of EUR 1.16, up by an impressive 20% or EUR 197 million since 2013. The value of agricultural imports from Moldova grew even more strongly, by 31% in 2014. EU exports to Moldova remain stable, growing by a mere 3% or EUR 75 million, reaching EUR 2.35 billion in 2014.
• The EU exports to Moldova consist mainly of machinery and equipment and mineral fuels, as well as transport equipment and chemical products. Those products constitute also the main EU imports from the Republic of Moldova, together with textile and clothing products, and animal and vegetable products, including fats and oils, as well as beverages.
For a more comprehensive overview on the content and practical implications of the DCFTA, of its impact on everyday life in the Republic of Moldova and on the opportunities the agreement can bring to the Moldovan private sector, please consult the section on the DCFTA.
DCFTA - Argumentaire [98 KB]