en

 

Economy
15 December, 2025 / 20:05
/ 6 hours ago

Moldova-China economic forum // Moldovan entrepreneurs encouraged to enter Chinese market through export alliances

Opportunities to expand economic partnerships with the People's Republic of China were discussed at a bilateral economic forum attended by business representatives. The Chairman of the Parliamentary Committee for Economy, Budget, and Finance emphasized the need to develop mutually beneficial relationships and urged businesspeople to strengthen their efforts by creating export partnerships to become competitive.

Present at the event, Deputy Radu Marian advocated for strengthening economic cooperation with China, emphasizing that it must be based on balance and mutual benefit.

“We need to continue having significant economic cooperation with China. It is clear that our producers rely heavily on inputs, products, and raw materials from China to create added value here, in the Republic of Moldova. China is one of the world's most important economies, effectively the factory of the world, and is extremely competitive in this regard. We must continue to find solutions to improve this relationship and make it mutually beneficial. (...) We are for maintaining a mutually beneficial economic relationship, balance, realism, mutual respect. I believe these are the fundamental pillars of our relations,” he said.

Radu Marian also emphasized the need for local producers to consolidate efforts when choosing to enter the Chinese market by creating export partnerships among several companies to become more competitive. The official called for discussions involving importers and exporters to find solutions to increase trade exchanges.

Mihai Burunciuc, Deputy Director of the Investment Agency, presented at the event the main facilities available to foreign companies wishing to expand their businesses in the Republic of Moldova.

Boris Foca, President of the Moldova – China Chamber of Commerce and Industry, highlighted the intensification of economic ties between our country and the People's Republic of China.

“I want to give you some figures about the year 2024. It was a record year for trade exchanges. It was the year when we exceeded the figure of 1.14 billion dollars in total trade volume. It is also a clear proof of the intensification of economic ties between us and the People's Republic of China,” said Boris Foca.

According to data from the Ministry of Economic Development and Digitization, the People's Republic of China is one of the main trading partners of the Republic of Moldova. In the period from January to September 2025, China ranked second among the Republic of Moldova's global trade partners, with a 10.2% share of total trade value. The value of Moldova's external trade with China amounted to 1,068.4 million dollars. Compared to the similar period of 2024, bilateral trade value increased by 18.4%.

The main products exported to China are: wines from fresh grapes; raw, degreased, and roughly processed bones and horns; prefabricated buildings; apparatus for switching, cutting, protecting, electrical circuits; waters, including mineral and carbonated waters; undenatured ethyl alcohol; transport or packaging items made of plastics; wires, cables, instruments, apparatuses, and measuring or control machines.

The main imported products are: smartphones, automatic data processing machines, cars, semiconductor devices, air conditioning machinery and appliances, monitors and projectors, new rubber pneumatic tires, electric transformers, static converters, water heaters, tricycles, scooters, pedal cars, and similar wheeled toys, doll strollers.

According to official data from the Public Services Agency, there are 81 companies with Chinese capital operating in the territory of the Republic of Moldova, with an invested capital amounting to nearly 6.53 million lei. By the value of invested capital, China ranks 51st among the primary investors in the Republic of Moldova. The main areas of interest for Chinese investors are: agriculture, agricultural product processing, infrastructure projects, energy, etc.