EVOLUTION OF FOREIGN TRADE OF THE REPUBLIC OF MOLDOVA WITH THE TWO ECONOMIC UNIONS -RISQUES AND OPPORTUNITIES

Abstract

This paper presented a brief analysis of the evolution of the foreign trade of the Republic of Moldova with the states of the European Union (EU) and with the states of the Eurasian Economic Union (EUEA) for the period 2015-2020. The period selected for analysis was determined by several reasons. Firstly, the ratification of the Association and Free Trade Agreement of the Republic of Moldova with the EU in 2014, which marked the beginning of a new era of economic relations between both parties and manifested itself in an unprecedented boom in trade, on the other hand, the emergence of a new economic and political entity, the EAEU. With the latter, consisting of 5 former Soviet states, the Republic of Moldova has established economic relations since the USSR and then the CIS. Within this organization, the Republic of Moldova has the status of an observer state, which, to a certain extent, would facilitate trade. Last but not least, the paper is an attempt to give a prompt answer on the place of the Republic of Moldova in the family of European nations and in the regional and international economic architecture. The paper presents a brief history of the beginning and evolution of political and economic cooperation with both unions. The article presents and examines statistical data on the main partner states and the main categories of goods exported and imported by both parties, as well as the states with the highest export and import rank in both unions.