China Eyes Moldovan Trade Agreement

.

China and Moldova have formally agreed to begin talks on the establishment of a free-trade deal. Officials from the two countries signed an agreement in Beijing on December 29 following the completion in May of a six-month joint feasibility study. Its results recommended that establishing a free-trade deal would be conducive to deepening bilateral ties, tapping the potential of economic and trade cooperation, and promoting economic development in both countries. Moldova lies on the One Belt One Road/New Silk Road route and is potentially an important Eurasian trade partner for China. In 2014 it signed an Association Agreement with the EU.

“China has a clear goal to negotiate FTAs with as many partners as possible, and the time for discussions to start with Moldova is ripe,” Cui Hongjian, director of European Studies at the China Institute of International Studies in Beijing told the South China Morning Post. “On one hand, Moldova wants to increase its links to the EU, but on the other it doesn’t want to irritate Russia,” he said. “China, however, is not in direct competition with either Russia or the EU in this region.”

The Moldova deal will be the second such free-trade deal China has signed with a former country of the Soviet Union: a similar agreement with Georgia will come into effect in January 2018.

Moldova was represented at the talks by the Secretary of State at the Economy and Infrastructure Ministry, Iuliana Drăgălin. According to her ministry, 84 Chinese-owned companies are currently active in Moldova. China is Moldova’s 6th biggest trade partner, with a 7.2 per cent share. In the first 10 months of 2017, Moldova increased its exports to China by 24 per cent on 2016 to a still modest total of 14.79 million US dollars (mainly wine and furniture), while it imported goods worth 404.6 million US dollars from China, up almost 29 per cent on 2016.

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Great noble deer surrounded by herd.Portrait of a deer, while looking at you.Adult deer with big beautiful horns on snowy field on forest background.

Digital Business Space Gives All Businesses an Office in Sarajevo

Sarajevo Bosnia and Herzegovina - August 24 2015. View from Vraca Memorial Park with building of Avaz Twist Tower

Japanese PM Announces Western Balkans EU Initiative

TOKYO JAPAN - Apr 06 2016: Japanese Prime Minister Shinzo Abe during his meeting with President of Ukraine Petro Poroshenko in Tokyo

Czech Republic Approves 2018 Budget

Ten czech crown coins money on black marble background

Ukraine’s Gas Reserve Estimates Revised Upwards

Industrial concept. Liquid gas container. Gas storage in the port. Pipelines in the refinery

Poland to Switch from Emerging to Developed Market by September 2018

warsaw stock exchange

Lithuania Gives Innovation a StartUp

MILAN ITALY - MAY 2: People visit Lithuania pavilion at Expo universal exposition on the theme of food on MAY 2 2015 in Milan.

Ukraine’s Anti-Corruption Boss Survives, For Now

Artem Sytnyk

Belarus Steps Up Liberalisation of Business

belarus

EU to Fund New Poland-Slovakia Gas Pipeline

slovakia-poland gas pipeline

Bulgaria Keen on Euro Adoption

FRANKFURT GERMANY - MAY 16 2014: Euro Sign. European Central Bank (ECB) is the central bank for the euro and administers the monetary policy of the Eurozone in Frankfurt Germany.

China and Central Europe: Don’t Believe the Hype

China

Bulgaria’s cooperation with Israel could boost the economy

Romania Can Still Provide Stability Within the EU

BUCHAREST, ROMANIA - 05 February 2017: More than 240,000 protesters in Victory Square (Piata Victoriei). "Torches" moment. At 09:00PM Romanian protesters shone torches on their phones.

IMF Wants Banking Sector Reform in Western Balkans

croatia national bank

IMF Believes State-Owned Enterprises Must Be Reformed

Image of the banknotes of new Belarusian banknotes five rubles put into circulation July 1 2016

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