Russia and Moldova discussed mutual economic cooperation
8 Oct, 2020
On October 2, The Minister of Agriculture of Russia Dmitry Patrushev and the Minister of Agriculture, Regional Development and Environment of Moldova Ion Perju chaired a plenary session of the Intergovernmental Commission on Economic Cooperation.The parties discussed cooperation issues in trade and economic cooperation, food security, energy, agriculture, transport, migration policy, and humanitarian sphere.
Dmitry Patrushev noted the friendly relationships and close business contacts between the two countries. Besides, trade and economic cooperation is developing positively. In 2019, the total trade turnover between the two countries increased by 5% compared to 2018 and amounted to 1.6 billion dollars. Both Russian and Moldova exports and imports increased.
“Discussions positively impact on the strengthening of trade and economic relation and the implementation of the joint projects. Agricultural products from Moldova are widely represented in the Russian market. In turn, the country welcomes the Republic's interest in Russian industrial products, including agricultural, municipal, and automotive equipment. I would also note a positive trend in strengthening cooperation between the countries’ business structures,” Dmitry Patrushev said.
One of the most important and promising areas of cooperation became agriculture. At the end of 2019, the trade turnover of agricultural products and food between the countries increased by 8% and almost amounted to 360 million dollars. The Russian exports showed growth by over 20% the last year, reaching 105 million dollars. Imports from Moldova also increased by 4% to 254 million dollars.
Due to the coronavirus pandemic, public health protection cooperation between the countries has become one of the key issues. Dmitry Patrushev noted Russia’s readiness to assist Moldova in countering the spread of the disease.
Several decisions on further cooperation in the key areas were made at the meeting. They will strengthen the partnership and the development of cultural and other ties.