OREANDA-NEWS. January 12, 2012. The towering achievement of the economy of Moldova in 2011 was its heavy growth in exports, - Valeriu Lazar. This was stated by the vice-premier, minister of economy as revising the results of 2011. Within 10 months of 2011 export of Moldova increased by 51,6% against the same indicator of the previous year, he says.

The export from Moldova to EU increased by 56,9% as compared with January-October, 2012, and its portion in the total volume of export form Moldova made up 1,7%, with the portion of exports to CIS states growing by 0,8% to 41,1%. Key three exports directions of Moldova’s goods are Russia, Romania and Italy. According to Valeriu Lazar, the growth in receipts from the export of Moldova to EU reflects the real progress in the process of the European integration of Moldova. In the structure of goods the biggest share of exports falls to manufactory goods (23,5%), it is followed by foods and livestock (18,4%), machines and equipment(15,7%), non-food row materials, including seeds and oil-plant fruit (13,7%), beverages and tobacco (9,0%), etc.

In January-October, 2011 the coverage of imports by exports made up 42,3% against 38,6% in the same period in 2010. Within 9 months of 2011 the contribution of Moldova’s exports to GDP increased by 6,8%, Valeriu Lazar notices. According to him, reduction of range of imports, which can be substituted by domestic products, continued in 2011, and the share of this group made up 5-6%.

To support the exports orientation of Moldova and to take advantage of opportunities provided by external environment in 2011, the ministry of economy undertook a number of steps to remove obstacles in the way of export. Thus, autonomic trade preferences given by EU, measures to cancel non-tariff barriers in the trade, adaptation of 2793 of European standards as the national ones told on plentiful growth in trade relations with EU states.

Quotas on exports to EU markets were fully used and in June, 2011 they were increased and prolonged by 2015. On appreciating Moldova’s achievements in realization of the EU recommendations on the Free Trade Zone, the European Union has officially opened the talks with Moldova. The rise in exports is also the result of attracting direct investments into the country, Valeriu Lazar has emphasized.

These investments changed the structure of Moldova’s exports and Moldova’s production. In 2011 the foreign investments actually doubled as compared with the year of 2012, and their biggest share falls to investors from Europe. In additions, efforts were supported to further the marketing of companies-exporters and to heighten the competitiveness of Moldova’s products by financing Moldova’s participation in exhibitions abroad.

In 2011 a lot of events were organized to present business possibilities of Moldova and to promote Moldova’s exports to Poland, Romania, Turkey, Estonia, Spain, the USA, Italy, the Great Britain, France and the United Arab Emirates.