EconPapers    
Economics at your fingertips  
 

Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context

Dorina Clichici ()
Additional contact information
Dorina Clichici: Institute for World Economy, Romanian Academy

Global Economic Observer, 2021, vol. 9, issue 2, 58-65

Abstract: The relationship between the Republic of Moldova and Romania has a special character, being built on common language, history, culture and traditions. Despite these commonalities, the Moldovan authorities oscillated between two geostrategic vectors in the years following independence (the intensification of economic cooperation with the former Soviet states and, subsequently, the European integration), while diplomatic and political tensions between the two countries affected the bilateral economic cooperation over time. The article has the purpose to analyze the historical background and the dynamics of the economic relations between the Republic of Moldova and Romania from the period following the independence of the Moldovan state until present. For achieving this purpose, the author reviews the main political and economic events that have influenced this relationship between the two countries over time and presents the evolution of their trade and investment cooperation. The analysis finds that the bilateral trade experienced anaemic values until the establishment of the strategic partnership between Romania and the Republic of Moldova. Moreover, once Moldovan authorities signed the Association Agreement with the EU in 2014, Romania has taken over the place of the Russian Federation as the main trading partner. At the same time, Romania is one of the main foreign investors in the Moldovan economy. However, despite important progress recorded in the economic relations between the two countries, they are still far from their potential and have considerable space to capitalize the strategic partnership.

Keywords: Republic of Moldova; Romania; Russian Federation; European integration; bilateral trade; investment cooperation (search for similar items in EconPapers)
JEL-codes: F13 F15 F20 F21 (search for similar items in EconPapers)
Date: 2021-12
References: View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.globeco.ro/wp-content/uploads/vol/split ... vol9_no2_art_006.pdf First version, 2021 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol9-iss2-58-65

Access Statistics for this article

Global Economic Observer is currently edited by Serghei Margulescu and Simona Moagar-Poladian

More articles in Global Economic Observer from "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences Contact information at EDIRC., Institute for World Economy of the Romanian Academy
Bibliographic data for series maintained by Stefan Ciucu ().

 
Page updated 2023-11-11
Handle: RePEc:ntu:ntugeo:vol9-iss2-58-65