Major news! Worldway Group has learned from the Moldova Migration Center that negotiations for a free trade agreement between Moldova and China have entered the fourth round. Both parties have reached a consensus on over 70% of the legal text of the free trade agreement, which has been officially approved! This indicates that the formal signing of a free trade agreement between Moldova and China is imminent!
Moldovan Minister of Economy and Infrastructure Chiril Gaburici expressed satisfaction with the progress of the negotiations on the "Free Trade Agreement" between the two countries, noting that the results of the discussions have made significant strides. "We must create favorable conditions for trade with China. We are ready, and I know it is not easy, but both sides have taken steps toward successful cooperation!"
Free trade agreement negotiations, deepening layer by layer, advancing step by step
On December 28, 2017, Moldova and China signed the "Memorandum of Understanding between the Ministry of Economy and Infrastructure of the Republic of Moldova and the Ministry of Commerce of the People's Republic of China on Launching Negotiations for the Moldova-China Free Trade Agreement" in Beijing, officially initiating the negotiations for the Moldova-China free trade agreement.
In March 2018, the first round of negotiations for the Moldova-China free trade agreement was held in Chisinau, the capital of Moldova. Both sides exchanged views on the terms of reference for the negotiations, established a working group, conducted clause-by-clause consultations on the text proposed by the Chinese side, and reached a consensus on the roadmap and specific tasks for subsequent work, signing the meeting minutes.
In July 2018, the second round of negotiations for the Moldova-China free trade agreement was held in Beijing. Both sides conducted further substantive consultations on a wide range of topics, including trade in goods, rules of origin, intellectual property, competition, technical barriers to trade, sanitary and phytosanitary measures, e-commerce, investment, trade remedies, dispute settlement, and legal and institutional provisions, achieving positive progress.
In September 2018, the third round of negotiations for the Moldova-China free trade agreement was held in Chisinau, the capital of Moldova. Both sides exchanged in-depth views and conducted consultations on various topics, including market access for trade in goods, achieving positive progress.
Impact of the Free Trade Agreement on Chinese Enterprises and Individual Investors
Located at the intersection of Eurasia and connecting the Central and Eastern European region, Moldova possesses a highly advantageous geographical location and convenient transportation resources, which can provide a natural channel for trade between Eurasian countries in the future. As a member of the CIS free trade area and a country that has signed free trade agreements with the EU, Moldova can serve as a bridge, enabling Chinese enterprises to enter both CIS and EU markets.
To date, Moldova has signed free trade agreements with the EU, the CIS, Russia, Turkey, and many other countries and regions, ensuring that Moldova enjoys relevant tax incentives in trade with these countries. For example, products produced in Moldova that obtain a certificate of origin can enter the Eurasian market duty-free and without quota restrictions. This advantage can provide faster and more convenient services for investors entering the EU, CIS, Turkey, and other regions.
Data obtained by Worldway Group from the Moldova Migration Center shows that in 2016, Moldova's export volume to China increased by 69.72% compared to 2015; in 2017, it increased by 28% year-on-year compared to 2016. Currently, trade between Moldova and China has grown by 26%.
Recently, the Secretary-General of the Moldovan Ministry of Economy stated in a Q&A interview with Moldovan media regarding the China free trade agreement: "Who wouldn't want to have an economic partner with a $12 trillion GDP!" This statement is profound, as the Moldova-China free trade agreement will reduce various tax expenses and expand the range of products exported from Moldova to the Chinese market. It is certain that the tax rate for products exported by domestic Moldovan manufacturers will be reduced by up to 90%.
Currently, Chinese investors are investing heavily in IT, trade, and distribution. The upcoming signing of the free trade agreement between Moldova and China will further stimulate the attractiveness for Chinese investors. The Moldovan government has drafted a series of reforms conducive to attracting investors, such as reducing taxes and simplifying approval procedures for Chinese enterprise projects, which provides a more convenient and efficient business channel for Chinese investors.
As the free trade agreement between Moldova and China enters its final round of negotiations, these many positive changes indicate that Moldova's pace of moving toward the world is constantly accelerating, and enterprises and individual investors investing in Moldova are bound to see a major boom!
Worldway Group experts state that as Moldova has just opened its immigration policy, the Moldova Citizenship by Investment Program, as a high-quality potential stock for European investment, has relatively relaxed application conditions. Investing at this time is a good choice. The day when the Moldovan passport is upgraded to an EU passport in the future will be the best reflection of the appreciation of the investment!
Currently, the Moldova Citizenship by Investment Program launched by Worldway Group, which combines many unique advantages, is very popular! With an investment starting from only 100,000 Euros and approval in about 90 days, you can quickly obtain passports for three generations of your family for a continental European country, meeting your many needs such as asset allocation, identity planning, tax planning, and children's education planning. It is one of the very good choices!
100,000 Euros to quickly obtain citizenship of an EU-associated country, seven highlights of the Moldova Citizenship by Investment Program
1. High cost-performance fast passport program: Caribbean island nation price, continental European citizenship;
2. Tax-friendly European country passport: Low tax system, no tax on foreign income, inheritance tax, or gift tax;
3. Moldova is a non-offshore financial country, highly recognized by financial institutions; the Moldovan passport is a preferred European passport for business people;
4. A European country passport that can apply for the US E-2 visa;
5. Travel convenience: Visa-free or visa-on-arrival access to 122 countries and regions, including Schengen countries, Russia, Turkey, etc.;
6. Those who meet the relevant regulations can enjoy exemption from written examinations for admission to prestigious domestic universities as overseas Chinese;
7. A superior choice for identity planning for business, investment, shareholding, and asset allocation.
Seize the opportunity of the golden decade of European investment! Choose the Moldova passport program, choose Worldway Group, one step ahead, leading every step of the way! Consultation Hotline: 400-138-2929
Some content and photos in this article are sourced from the Moldova Migration Center official account.