Moldova to take measures to enhance production, export

October 24, 2012 9:23 am 

BUCHAREST, Oct. 24 — The Moldovan government is going to take stimulating measures to enhance production and export, said the country's Deputy Economy Minister Octavian Calmic on Tuesday.

Calmic told reporters in the capital city of Chisinau that one measure would be to relieve duties and VAT for companies which would produce export-orientated commodities.

He added that Moldova would take measures to remove trade barriers, simplify certificate-awarding for export products and customs procedures, lift bans for Moldovan products in other countries.

Calmic vowed that his ministry would also take measures to raise competitiveness of domestic commodities and adopt European quality standards.

He told reporters that Moldova's exports stood at 1. 36 billion U.S. dollars in the first eight months of this year, 0.1 percent down as compared with the same period of last year, while its imports rose by 2.3 percent to 3.28 billion dollars.

Calmic explained that the decline in export was the result of a drought which caused the general decline in agriculture production by 22 percent and the decrease in some other sectors by 33 percent.

The sovereign debt crisis and the low demand in Europe also played an adverse role in Moldova's economy, said the deputy minister.

Russia is still the top trade partner of Moldova, while Romania, Italy, Germany and China are among its main partners. (PNA/Xinhua)

LOR/EBP

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