The trade policy of the Republic of Moldova in the context of DCFTA

Abstract

The results presented refer to the Deep and Comprehensive Free Trade Agreement (DCFTA) and its contribution to Moldova's economic development. The research aims to analyze Moldova's trade flows with EU countries in the context of DCFTA. To achieve the proposed goal, the following objectives have been advanced: to analyze the DCFTA and its long-term goal; to study its effects from 2014-to 2019; to analyze the nontariff barriers in the context of DCFTA. To carry out this research, the following methods were used: The research is based on the analysis of secondary data provided by the National Bureau of Statistics. The time series examined refers to 2010-2019. Also, scientific materials, publications, scientific articles were used. The methods applied are quantitative and qualitative analysis. Based on the results obtained, it was found that between 2005 and 2014, the importance of the European Union as a destination market for Moldovan exports has grown remarkably, partly at the expense of exports to the Commonwealth of Independent States (CIS). The research results allowed the formulation of the following conclusions and recommendations: the implementation of the Deep and Comprehensive Free Trade Agreement has managed to achieve remarkable results, by bringing positive effects, which are felt after the increase in exports of products, especially food.