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Western temptation: Business brings Moldova closer to the EU

2018.07.13 Economie Victor Ursu Imprimă

The Association Agreement signed with the European Union offers only benefits to the Republic of Moldova, and in 2018 we can already account for it. Four years after signing, visible results are in international trade. It is the increase in exports to the EU. The Russian Federation, which a decade ago was in the first position, is now overtaken by Romania, Italy, and Germany, which are in the top of the countries where the Republic of Moldova delivers its goods and products. These three European countries account for 45.64% of Moldova's total exports, with CIS states - 16.76%, including Russia - 8.87%. These totals confirm some economic laws whereby barriers to international trade change trajectories, and often contribute to a radical change in international trade but also in sectors of national economies. Examples are agriculture, industry, and transport, as stated in the program "15 minutes of economic realism", program director at IDIS Viitorul, Viorel Chivriga

The Free Trade Agreement is an engine that operates at maximum speeds for the EU's rapprochement with the EU through the modernization and modernization of the real economy, as well as increasing the performance and quality of the various fields.

"The number of mature companies has grown and they have found a niche on the EU market. The quotas granted by the European Community, which previously could not be reached, are now fully valorized by Moldovan companies. Since 2014, Moldova has gone through several stages of transformation of state institutions. An enormous transfer of expertise, expertise and EU funding has taken place. There are people who understand perfectly what stability, predictability and game rules cannot be changed overnight," Chivriga explained.

In the investment chapter, the DCFTA changed the image of the Republic of Moldova for the better. Thus, companies with known names arrive not only in Chisinau and Balti, they are already in Ungheni, Orhei, Straseni, and Gagauzia, and in the next years we will witness an even greater growth of the Moldovan investment companies.

Chivriga claims that DCFTA is also seen as a growth engine for the Nistru region where Romania has reached 16% of the region's exports to the Russian Federation, accounting for only 10%.

In conclusion, the program director said that although the business is moving the Republic of Moldova closer to the EU, harmonization of legislation is a problem, because from a good product they managed to become a less good product. There are less positive changes on the statistical side, showing some data, and other state information provided by the state institutions. There are also big issues involving all the interesting parties, that this agreement will generate greater results and performance.

The show is made by IDIS "Viitorul" in partnership with Radio Free Europe.

For further details, please contact the press officer Ana Ghilan at the following address: ghilan.ana99@gmail.com or 061036743.

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