Cooperation between the Republic of Moldova and the Republic of Korea

•On January 31, 2012, marked the 20th anniversary of establishment of Moldovan-Korean diplomatic relations.

•Increased presence by Korean officials in Moldova. In 2012, visit of Vice President of the National Assembly of of Korea (May), Deputy Minister of Foreign Affairs of Korea (Sept), visits by the Korean Ambassador from Kiev, Ukraine.

Assistance•Gratitude to the Government of Republic of Korea for considerable technical support offered to Moldova, by KOICA, an important and reliable partner of the Moldovan people.

•A substantial increase of KOICA assistance to Moldova from 31.498 thousand USD in 2010, to 204.361 thousand USD in 2011

Propose to examine opportunity of opening a Regional KOICA office in Moldova (2 KOICA offices in Azerbaijan and Uzbekistan), this will provide a better approach to EU and CIS partners.

KOICA projects in Moldova

•Organization of the ICT Moldova-Korea Forum for Digital Moldova 2020, Chisinau, March 2012

•Establishment of Information Access Center, which was opened on August 14, 2012, includes staff of 3, who have been trained in Korea.

•Pleased to see interest manifested by KOICA for project "Distance Education Center for Teachers of Moldova", estimated at 2 million USD, out of which 1 mln USD is for construction expenses and 1 mln USD cost of equipment.

Economic Cooperation

Current level of trade relations is not capitalized to its full extent. Trade exchanges were only 16991,5 thousand USD, with Export 20.7 thousand USD, and Import 16970.8 thousand USD.

•We have only 2 joint ventures in Moldova: •"Peace Marker Trade" LLC - food and beverages•"K-M Trading" - in the field of clothes and shoes.

•Moldovans are active consumers of Korean brands, KIA, Hyundai, Samsung, LG, KUMHO, an excellent alternative to other Asian brands.

Investment Climate of the Republic of Moldova

Ministry of Economy of the Republic of Moldova, Moldovan Investment and Export Promotion Organization – MIEPO

Republic of Moldova: geo economically advantageous position

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Republic of Moldova: overview (source: NBS, NBM,

Moldova)

GovernmentRepublic,Declaration of Independence - August 27, 1991

Population 3,56 million people (1 Jan. 2011)

Literate Population 96%

Working-age Population 2,37 million people (1 Jan. 2011)

Unemployment rate 6,7 % (2011)

Inflation Rate (medium annual) 7,8% (2011)

GDP in current prices $ 7 billion (2011)7

2,16,1 7,8 6,6 7,4 7,5 4,8 3

7,8

-6

7,1 6,4

-10-505

10

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011% GDP

GDP of the Republic of Moldova (in comparison with previous

year, prelim., NBM, Moldova)

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Trade partners(Source: NBS, Moldova)

9

2011, mil.$Export: 2216,8 mil. $ Import: 5191,3 mil. $ EU: 1083 (49 %) EU: 2256,3 (43,5%)CIS: 919,3 (41,4%) CIS: 1713,4 (33 %)

FDI – Equity Capital Accumulated as of September 30, 2011,

by Branch

#

Benefits of Investing in the

Republic of Moldova

Openness to foreign investment

The Government provides equal rights for all investors;

Tax incentives in key areas of investment, such as IT, energy, agriculture, construction, etc.;

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Free Economic Zones

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Marculesti Hub Airport

Bălți

Expo Business Chisinau

Tvardita

Otaci Business

Taraclia

VulkanestiGiurgiulesti Port

Ungheni

Rankings on the ease of Doing Business (2012 )

•Change in the Rank, Moldova: 18 points higher.

•Economies that improved the most across 3 or more areas measured by Doing Business:

•Morocco

•Moldova

•Macedonia, FYR

•Sao Tome and Principe

•Latvia, etc. 14

THE WORLD FAMOUSMilestii Mici Largest wine cellar by number of

bottles

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The cellars of the Milestii Mici wine-making plant in Moldova contain over 1.5 million bottles of wine. The bottles are stored in 55 km (34 miles) of underground galleries excavated in lime mining operations. The first bottle was stored in 1968, and new vintages are added each year.

Cricova – Moldova’s underground treasureIn just 15 km North of Chisinau, lays a of subterran city, a labyrinth of avenues and streets, named after wine types. Cricova’s museum stores the country’s

national collectional of 1.3 millions of bottles, the oldest one beeing from 1902.

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MIEPOMIEPO – state non-profit institution coordinated by the Ministry of Economy

Main Objectives:

•Export Promotion;

•Investment Attraction;

•Promotion of the Republic of Moldova’s positive image.

Cooperation with:

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Instruments:•Support in identification of partners and investment site locations in the RM.•Organization of local and foreign Business Missions, Forums, B2B Meetings, Matchmaking, Trainings for local business, participation of local companies on foreign expositions.•Moldovan investment climate promotion.•Elaboration of promotional materials, etc.

Thank you for the attention!Moldovan Investment and Export Promotion Organization

(MIEPO) Republic of Moldova, Chisinau, 65 A. Mateevici str.Tel.: + 373 (22) 27-36-54 Fax: +373 (22) 22-43-10

office@miepo.md | www.miepo.md