Infographic data: "DCFTA after 5 years of implementation: impact and lessons learned"
- In the period 2015-2018, total exports increased by USD 1.5 billion or by 34% compared to the 4 years before the signing of DCFTA (2011-2014)
- Each leu on exports lost on the CIS market was offset by increased exports to the EU market.
- The European Union has strengthened its position as the main market for Moldovan exporters: the EU share of total exports increased from 54% in 2014 to 69% in 2018.
- The net effect of DCFTA in increasing exports is estimated at around $ 600 million.
- The agri-food sector was the main beneficiary of DCFTA: in 2015-2018, exports of agro-food products increased by USD 820 million compared to 2011-2014 (+ 52%), and the net impact of DCFTA amounted to USD 475 million (or 10 million USD monthly).
Priorities for the next 5 years:
- Promoting Moldova's investment attractiveness abroad oriented towards high-value production areas: activities that use local raw materials for processing and ensure a higher level of technological sophistication of exports
- Full implementation of the Investment Attraction and Export Promotion Strategy for 2016-2020.
- Modernisation of the quality infrastructure: the efficiency of the National Agency for Food Safety and modernisation and extension of the network of certification laboratories
- Gaining permission to export animal products to the EU market.
- Developing technical and financial support programmes for companies, especially small and medium-sized enterprises, in the process of implementation of EU standards.
- More active information for small and medium-sized enterprises on the technical requirements to access the EU common market.
For more information, please find below the infographic.