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  • REPUBLIC OF MOLDOVA

  • Republic of Moldova

    Republic of Moldova

    DEVELOPMENT CHALLENGES 

    Since its declaration of independence in 1991, Moldova has undergone a period of transition with numerous reforms. Until the global economic crisis, the Moldovan economy had an average annual GDP growth rate of 5.6% from 2001 to 2008, led by a consumption boom driven by remittances and foreign direct investment (FDI). In 2009, the financial crisis caused a fall in remittances and a corresponding 6% contraction in GDP, but the country recovered quickly, with GDP growth returning to a high positive level in 2010 (6.9%). Considered a “lower-middle” income country, with a GNI per capita of US$1,810 in 2010, Moldova has a “medium” Human Development Index (HDI) of 0.649 and is ranked 111th of 187 countries. Nevertheless, Moldova remains one of the least developed countries in the European and CIS region and faces a number of development challenges.

    • Poverty and inequality
    • Labour migration and heavy reliance on remittances
    • Labour and skills shortages
    • Political instability and internal conflict
    • Weak governance and corruption

    KEY TRADE ISSUES 

    • Export concentration, weak competitiveness, low productive capacity and trade deficit
    • Market concentration
    • Limited access to finance
    • Cumbersome regulatory and business environment
    • Underdeveloped physical and quality infrastructure

    GOVERNMENT PRIORITIES 

    The primary goal and fundamental policy priority of the Government of Moldova is European integration. In early 2010, negotiations began for an Association Agreement with the EU, as a replacement for the 1998 Partnership and Cooperation Agreement. It is believed that the country will achieve its political and development objectives most efficiently by implementing EU commitments.

    The National Development Strategy 2008-2011 defines five objectives for the country’s development, which are to:

    • Strengthen democracy based on the rule of law and respect for human rights;
    • Settle the Transnistrian conflict and reintegrate the country;
    • Enhance national economic competitiveness;
    • Develop human resources, enhance employment and promote social inclusion; and
    • Ensure regional development.

    Two areas are also outlined as a prerequisite for the above-mentioned priorities: ensuring macroeconomic stability; and consolidating the capacity of local and central public administration.

     

    More detailed information on the Republic of Moldova can be found here. 

    Trade and Tariff Graphs

    Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
    Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
    Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
    Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

    Trade and Investment Data

    Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

    Trade Information Sources

    A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

    Trade Contacts

    The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.