Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context
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 intensific...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2021-12-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_2/geo_2021_vol9_no2_art_006.pdf |
| _version_ | 1811254342118801408 |
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| author | DORINA CLICHICI |
| author_facet | DORINA CLICHICI |
| author_sort | DORINA CLICHICI |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-12T17:04:55Z |
| format | Article |
| id | doaj.art-08292ff106374225a5ecb23be2a770a4 |
| institution | Directory Open Access Journal |
| issn | 2343-9742 2343-9750 |
| language | English |
| last_indexed | 2024-04-12T17:04:55Z |
| publishDate | 2021-12-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj.art-08292ff106374225a5ecb23be2a770a42022-12-22T03:23:57ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502021-12-01925865Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New ContextDORINA CLICHICI0PhD. Institute for World Economy, Romanian Academy ROMANIA, dorina.clichici@iem.roThe 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.http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_2/geo_2021_vol9_no2_art_006.pdfrepublic of moldovaromaniarussian federationeuropean integrationbilateral tradeinvestment cooperation |
| spellingShingle | DORINA CLICHICI Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context Global Economic Observer republic of moldova romania russian federation european integration bilateral trade investment cooperation |
| title | Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context |
| title_full | Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context |
| title_fullStr | Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context |
| title_full_unstemmed | Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context |
| title_short | Economic Cooperation between the Republic of Moldova and Romania: The Historical Background and the New Context |
| title_sort | economic cooperation between the republic of moldova and romania the historical background and the new context |
| topic | republic of moldova romania russian federation european integration bilateral trade investment cooperation |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_9_no_2/geo_2021_vol9_no2_art_006.pdf |
| work_keys_str_mv | AT dorinaclichici economiccooperationbetweentherepublicofmoldovaandromaniathehistoricalbackgroundandthenewcontext |