ECONOMIC COUNCIL TO THE PRIME MINISTER OF THE RM

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund
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Indian Ambassador to Moldova in talks with the Secretariat of the Economic Council in Chisinău

April 27, 2021 – The Ambassador of India to the Republic of Moldova residing in Bucharest HE Rahul Shrivastava had a meeting with the Head of the Secretariat of the Economic Council to the Prime Minister of the Republic of Moldova. During the talks, the parties addressed topics of common interest that would help strengthen trade and investment relations between the two states.

Several economic sectors that could be explored by Indian investors were discussed, including the ICT and pharmaceutical sectors. The ICT field in Moldova is an important one, a confirmation in this sense being the creation of the IT Park that brings together companies in the field that benefit from fiscal facilities.

Free Economic Zones in Moldova, in which various companies, including automotive and textiles, operate, could also be of interest to Indian investors. The Republic of Moldova has signed the Deep and Comprehensive Free Trade Agreement with the EU, positioning itself as a favorable area for attracting foreign investment and establishing new partnerships. Deepening bilateral relations with India would be a considerable additional opportunity to attract investment and promote exports.

Industrial Parks could be another element in attracting investment from India. The potential of the agricultural sector from the perspective of bilateral collaboration was also addressed in the discussions. Moldova is an exporter of quality apples with special taste qualities that are demanded in various markets. The Indian market could offer a major potential to increase the export of these products.

At the end of the discussions, the parties mentioned the need to maintain a continuous dialogue.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund, and the International Finance Corporation’s Investment Climate Reform Project funded by the Government of Sweden’s International Development Agency.

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