After signing the Association agreement with the EU in Chisinau, Moldova’s foreign trade plummeted

Summary

After signing the Association agreement with the EU in Chisinau, Moldovas relations with Russia deteriorated and restrictions on the supply of Moldovan products were imposed. It led to a reduction of Moldovan exports to Russia by 40%. Promises on compensation of these losses by the EU were not fulfilled, Moldovan exports to the EU even fell by 10%.

Disproof

The EU's imports from Moldova increased by 5% from €1.16 billion to €1.22 billion in 2015. The European Union is Moldova's biggest trade partner. Around 62% of its exports are sent to the EU, followed by Russia (12%)The Association Agreement between the European Union and the Republic of Moldova was signed in June 2014 and has only been in full effect since July 2016.bit.ly/2fq1Euh,

publication/media

  • Reported in: Issue 48
  • DATE OF PUBLICATION: 12/11/2016
  • Language/target audience: Moldavian
  • Country: Moldova, Russia, EU
  • Keywords: Trade, Economic difficulties, AA/DCFTA
  • Outlet: izborsk.md
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