MOLDOVA.pptx

8/10/2019 MOLDOVA.pptx

1/14

MOLDOVAIndustry of Moldova: Yesterday, Today and

Tomorrow


2/14

Food processing (including sugar and

vegetable oil) is the largest domestic industry,

followed by power generation, engineering

(mostly agricultural machinery, foundryequipment, refrigerators, freezers, and

washing machines), hosiery, shoes, and

textiles.


3/14

Being an active member of the Commonwealth ofIndependent States over 20 years, the Republic of

Moldova signed bilateral free trade agreements with all

CIS member states, thus ensuring duty-free

import of Moldovan products to markets of theCommonwealth countries.


4/14

,agreements on industrial cooperation with the

Russian Federation, Republic of Belarus and

Ukraine.


5/14

Moldova Textiles

The Moldovan

textile industry

represents nearly

one quarter of the

country's total

exports and hassignificant

growth potential.

It includes a

number of

sectors such asproduction of

textiles (knitted

articles and

carpets),

garments,

leather, leatherarticles and


6/14

Moldova Textiles

Business opportunities

Main promising subsectors:

Apparel and footwear:establishment of Moldovan brandsand retail chains, outsourcing;

Textiles: bed linens (good supplyof cottons);

Carpets: growing demand in CIS,good quality-price ratio especiallyfor the wool-made carpets, exportshave significantly increased and

now outweigh all other types oftextiles.

Strategic direction/ specificschemes and incentives

The main orientations for thedevelopment of the textile industryare:

Upgrading the textile andapparel value chain: increasingthe competitiveness in the CMindustry, developingFull-Packageservices (design, fabricsourcing, trims and logistics) and

exporting to new markets; Attracting foreign partners to

modernise equipments andreinforce skills in areas such asmanagement, branding,merchandising and logistics.

Specific advantages in the textileindustry include the exemption


7/14

Natural resource potential


8/14

e ma n na ura resource othe Republic of Moldova is the

earth. The northern zone, the specialization of productionand processing of sugar beets, grains, fruits,

tobacco, and is characterized by relatively high heat

treatment is not enough compared to the moresouthern areas.

Central Zone specializes in the production of grapes.

A lot of shallow, well-warmed slopes Codru (forests

on the slopes) zone, protected from the north-east

winds, sod-podzolic, brown forest and gray forest

soils.

South Zone specializes in the production of grapes,


9/14

Productive land and favorable climatic conditions givethe country the high potential for development ofhighly diversified agricultural production as the main

supplier of raw materials for processing and foodindustries, as well as biomass for the production ofenergy from renewable sources. This regionalspecialization of agricultural production, in turn,determined the future and development of capacities

of the enterprises of processing industry.Thus, evaluating the natural resources industry, it

should be noted that our republic has a rich potentialfor various raw materials of vegetable and animal

origin, primarily for food, beverages, tobacco products,wool, leather, oil-bearing crops and medicinal plants.


10/14

Furniture industry


11/14

Furniture industry

Formed as a regional collection of large enterprises,specializing in the production of certain types of furniture, hasundergone a dramatic transformation. The two largestcompanies within the industry furniture factories "Codru",

Chisinau and Balti, practically ceased to exist. Othercompanies substantially expanded range of products, had leftearlier pledged specialization, much more has to makefurniture from natural wood, introducing new advancedtechnologies and materials. With the same companies

successfully compete newly created private. The volume oftheir production is already significantly higher than thefounders of the industry. They offer the market more dynamicsystem of work with customers, including individual projects,

develop the manufacture of office furniture. Nevertheless, theartistic and technical level of manufactured products still lags


12/14

Republic of Moldova

is a member of the

following key

organisations:

United Nations

Council of Europe

Commonwealth of

Independent States(CIS)

The International

Bank for

Reconstruction and

Development (IBRD)

The European Bank

for Reconstruction

and Development

(EBRD)


13/14

Why invest in Moldova?

Favourable geographical position at the crossroads of commercial

routes

Proximity to large world markets (European Union and

Commonwealth of Independent States)

Platform for manufacturing and exporting both to CIS and to the EU Competitive general corporate income tax (CIT) rate in the region

12%

Tax and customs framework close to the EU one

Considerable network of operational Double Tax Treaties and

Investment Protection Agreements

Market access trough 42 Free Trade Agreements including:

WTO members (worldwide)

Autonomous Trade Preferences (EU countries)

CEFTA members (most Balkan countries)


14/14

MOLDOVA.pptx

Documents

Transcript of MOLDOVA.pptx