Moldova - China Chamber of Commerce and Industry launched
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06:34, 06 Dec 2018

The Moldova - China Chamber of Commerce and Industry was launched in Chisinau almost two months after 18 Moldovan companies announced their intention to found such an association. The Chamber’s president-elect Boris Foca said the organization will be a platform that will ensure better interaction between businesspeople from the two countries. The goal is to increase Chinese companies’ investments in the national economy and also trade, IPN reports.

Boris Foca noted the Republic of Moldova and China established economic relations many years ago, but the necessity of founding a Chamber of Commerce and Industry appeared as a result of the augmentation of the commercial exchanges and the development of the economic and commercial relations between the two countries.

According to Boris Foca, establishing a cooperation dialogue with the Government so that the association is included in the mixed commissions is the immediate objective of the Moldova - China Chamber of Commerce and Industry. Designating by a representative of the Chamber in northern and southern Moldova so as to establish partnerships of cooperation between the given regions is another goal of the Chamber. The organization received notification of acceptance of becoming a member of the Silk Road Chamber of International Commerce that consists of 150 chambers of commerce representing 77 countries. 

Sergiu Harea, president of the Chamber of Commerce and Industry of Moldova, said a number of bilateral Chambers of Commerce were created in Moldova in time and these gave a serious growth impetus and helped attract foreign investment to the country.

“Economic cooperation relations were thus established with diverse foreign companies. China is an important commercial partner for our country. Trade between the Republic of Moldova and Chinua annually grows by approximately 20%, both by imports and by exports,” stated Sergiu Harea.

Nicolae Vasilescu, president of the Romania – China Chamber of Commerce and Industry, said the new economic organization is important. The bilateral chamber of Romania will support the development of the new body as it has working experience of over 22 years. Currently, it consists of over 300 companies. Increasing the exports of Moldovan products to China and attracting more investments of Chinese companies to Moldova’s economy are two desiderata for Moldova.

“In the international geopolitical context, China became an alternative. At present, most of the companies from developed countries invest in China and this alternative is viable for the Republic of Moldova too. We will continue to offer support and expertize to the Moldova – China Chamber of Commerce and Industry, will work within joint teams and will together take part in economic events in China so as to extend the economic cooperation relations,” stated Nicolae Vasilescu.

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