USAID SUPPORTS FIRST COMPREHENSIVE ASSESSMENT OF MOLDOVA'S TRADE CORRIDORS

The United States Agency for International Development (USAID) appreciated the first comprehensive assessment of Moldova's trade corridors. The goal of the trade corridor assessment (TCA) is to measure corridor performance, identify bottlenecks and constraints, and determine solutions to improve corridor performance, which in turn will make it easier to trade goods.

The TCA includes a series of strategic recommendations and actions for the Moldovan Government, targeting the facilitation of international trade along the existing routes used by Moldovan traders.

The event was attended by Ambassador Extraordinary and Plenipotentiary of the USA to Moldova James D. Pettit and State Secretary at the Ministry of Economy and Infrastructure Iuliana Dragalin.

Ambassador James D. Pettit underscored that the Trade Corridor Assessment will provide Moldovan authorities and business owners with more practical solutions on improving trade corridors performance in order to reduce costs and, most importantly, to increase the competitiveness of Moldovan products on the international market.

Iuliana Dragalin noted the role and expected impact of TCA for authorities and for the whole country's economy.

"We intend to develop a modern system of logistics and transport in Moldova which will attract more investments in the field and will contribute towards the creation of more jobs for citizens", she said.

Infotag's dossier: Under the four-year (September 2017 - September 2021), the Moldova Structural Reform Program, USAID will support the Government of Moldova to continue the integration of Moldova into regional and worldwide trade systems. It will help Moldova realize its commitments under the Association Agreement with the European Union, which encompasses the Deep and Comprehensive Free Trade Area. The Program will help Moldovan products reach and thrive within broader, more dynamic markets.