Moldova Trade Study : Overview

Despite strong economic growth since 2000, Moldova remains one of the poorest countries in the region. Excessive reliance on remittances, export dependency on a few products, and insufficient domestic job creation make the Moldovan economy highly v...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2016
Subjects:	TAX INCENTIVES TARIFFS REGULATORY FRAMEWORK CUSTOMS UNION EXPORT MARKETS PROFIT MARGINS FREE TRADE AGREEMENT WORLD TRADE ORGANIZATION PRODUCTION LAGS EXPECTATIONS INVESTMENT POLICIES EXPORT PERFORMANCE REAL GDP IMPACT OF TRADE PROTECTIONIST EXPORTS STATISTICAL DATA EXPORTERS OPTIMIZATION TARIFF CONCESSIONS INCENTIVES CAPACITY BUILDING DISTRIBUTION EQUILIBRIUM TRADE OPENNESS INPUTS TRADE PERFORMANCE PAYMENTS MARKET ACCESS FREE TRADE INDUSTRIAL PRODUCTION TECHNICAL REGULATIONS PREFERENTIAL ACCESS TRADE AGREEMENTS CUSTOMS PROCEDURES AGRICULTURAL PRACTICES VALUE OF TRADE DEVELOPMENT CUSTOMS DUTIES PREFERENTIAL TRADE AGREEMENTS TRADE IN GOODS TRADE BALANCE FOREIGN TRADE TOTAL FACTOR PRODUCTIVITY IMPORT PRICES TRADE RESTRICTIONS GOVERNMENT REGULATIONS FOOD EXPORTS EXPORT GROWTH TELECOMMUNICATIONS CUSTOMS PRODUCTIVITY FOREIGN FIRMS INDUSTRIALIZATION FAILURES TRADE LOGISTICS MARKETS WTO OPEN ECONOMY ACCESS EXPORT PROMOTION EFFORTS IMPORTS TRADE POLICY TARIFF-RATE QUOTA UTILITY TRADE AGREEMENT IMPORT LICENSING GROSS DOMESTIC PRODUCT TRADE COMPETITIVENESS TAXES PROTECTIONIST MEASURES GENERAL EQUILIBRIUM EXPORT FACILITATION CONSUMPTION TRADE IN SERVICES VALUE ADDED TRADE BALANCES KNOWLEDGE SPILLOVERS TRADE PREFERENCES ECONOMIC OUTCOMES INTERNATIONAL TRADE EXPORT COMPETITIVENESS VALUE COMPETITIVENESS BENCHMARKING FOREIGN DIRECT INVESTMENT TRADE DEFICIT FOREIGN INVESTMENT DEVELOPMENT STRATEGY EXPORT PRODUCTS IMPORT LICENSING PROCEDURES CONSUMERS AGRICULTURE ECONOMY EXPORT PROMOTION TRADE AREA TRADE FACILITATION OPENNESS BENCHMARK EXPORT DEPENDENCE INVESTMENT POLICY PREFERENTIAL TREATMENT SKILLED LABOR TRADE GDP GOODS GENERALIZED SYSTEM OF PREFERENCES GOVERNMENT SUBSIDIES GROWTH RATE INVESTMENT SUPERMARKETS DOMESTIC PRODUCTION PREFERENTIAL TRADE ADVERSE IMPACT TARIFF IMPORT REGIME TRADE AND INVESTMENT POLICIES ADVERSE EFFECT TRADE SANCTIONS FREE TRADE AREA EXPORT BASKET WORLD TRADE MOST FAVORED NATION TRANSITION ECONOMIES OUTCOMES IMPORT DUTIES IMPORT DUTY UNSKILLED LABOR ADAPTIVE EXPECTATIONS INEQUALITY
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26076365/moldova-trade-study-overview http://hdl.handle.net/10986/24005

Description
Summary:	Despite strong economic growth since 2000, Moldova remains one of the poorest countries in the region. Excessive reliance on remittances, export dependency on a few products, and insufficient domestic job creation make the Moldovan economy highly vulnerable to external conditions. As a small and open economy, Moldova’s development potential is linked to its trade and investment integration strategy. Moldova is situated between two large markets: the European Union (EU), which absorbs more than half of Moldova’s exports, and the Russian Federation. Reducing the economic distance to large regional markets and reaping the benefits of openness is key to overcoming Moldova's structural constraints and spurring export-led growth. The objective of the Moldova Trade Study is to contribute to a better understanding of the factors and challenges underlying Moldova’s foreign trade performance and to identify policy interventions that can enhance the competitiveness of Moldova’s exporting firms and the value added of their exports. . The rest of the note is structured as follows: (ii) section two summarizes the analysis of Moldova’s export performance; (iii) section three focuses on constraints on Moldova’s competitiveness; (iv) in section four, the authors consider alternative trade policy scenarios and their implications for the Moldovan economy; (v) section five synthetizes existing analysis on constraints for agriculture competitiveness and exports, while section six evaluates the performance of free economic zones in Moldova. In the final section, the authors present policy recommendations

Moldova Trade Study : Overview

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