At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country.
Besides, the expansion of the trade and economic ties between the two countries is going to be spurred by the free trade agreement, signed recently.
The Economy Minister of Moldova told the Turkish Prime-Minister that the first sitting of the commission for the free trade agreement implementation took place in Ankara and two protocols were signed to define the trade rules and commodities origin regulations. The Prime-Minister of Turkey highly appreciated the progress in the relations between Moldova and Turkey, and called them inspiring in increasing the volume of bilateral trade to $1 billion or even more. He reiterated the willingness of the Turkish authorities to cooperate with Moldova in all possible areas and to encourage Turkish businessmen to take part in new projects in Moldova. He also confirmed that Turkey would continue rendering technical and other assistance to Moldova, both through TIKA and other initiatives. Binali Yildirim also expressed willingness of his country to contribute to the training of skilled labor force for companies in the southern part of Moldova.
In 2015, Moldova’s exports to Turkey were $64.4 million, Turkey’s exports to the country making $285.1 million, the Economy Ministry reports. According to the State Registration Chamber, as of the beginning of 2016, there were 1,126 enterprises with the Turkish capital in Moldova, with investments in the fixed capital totaling $297 million. Most of the investments were made in the southern part of the country. (InfoMarket/Business World Magazine)