Textiles Report - Republic of Moldova


2016-12-05 12:53:58
Description

Moldova is one of the smallest countries within the CIS (Commonwealth of Independent States) with a population of approximately 3.6 million people, mainly Romanian speaking. It is located in Eastern Europe, bordered by Romania and Ukraine. Its location and skilled workforce make it an exceptional location for trade between East and West. The country is considered to be a bridge between the EU markets and the growing CIS markets with an open economy, increasingly integrating with the EU.

Moldova benefits from: t EU autonomous trade agreements t CIS countries free trade agreements The Moldovan industrial sector has developed along with the privatization and liberalization in trade, especially since 2005, when the quotas in textile and apparel trade were eliminated by the WTO (World Trade Organization). Manufacturing textiles, apparel, leather,leather articles, and footwear (TAFL) represents the sector that is referred to as the Light Industry. It is a industry branch that started its successful development after World War II, and remains to be one of the most important industries of the Republic of Moldova. Nowadays, the sector is vibrant and growing, and represents approximately 300 enterprises.

They are active in producing: t textiles (knitted garments, carpets, fabrics) t wearable apparel t leather and leather accessories, travel accessories t footwear. The Government’s Industry Development Strategy for 2009-2015 lists the Light Industry as one of the key economic branches, given its significant advantages, such as: The possibility to engage a large number of employees into various branch activities, a relatively fast rotation cycle of current assets, moderate investment need and a professional training system for employees in place.

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