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Sunday, July 1, 2012

U.S. RELATIONS WITH MOLDOVA


Map Credit:  U.S. Department Of State.
FROM:  U.S. STATE DEPARTMENT
Bureau of European and Eurasian Affairs
Fact Sheet
June 14, 2012
U.S.-Moldova Relations
Following the dissolution of the Soviet Union, the United States recognized the independence of Moldova on December 25, 1991 and opened an Embassy in its capital, Chisinau, in March 1992. The United States supports the sovereignty and territorial integrity of the Republic of Moldova and on that basis supports the 5+2 negotiations to find a comprehensive settlement that will provide a special status for the separatist region of Transnistria within Moldova. The United States co-chairs the Community of Democracies’ Task Force for Moldova which provides international support to priority areas in Moldova's transition to democracy.

U.S. Assistance to Moldova
U.S. government assistance aims to help Moldova strengthen its democratic institutions, increase prosperity, secure its internationally recognized borders, and integrate with Europe and the Euro-Atlantic community. In 2010, the United States and Moldova signed a $262 million, 5-year Millennium Challenge Corporation compact for economic development and investment projects in irrigation infrastructure, high-value agricultural production, and road rehabilitation.

Bilateral Economic Relations
As a country with a small market, Moldova benefits from liberalized trade and investment and wants to promote the export of its goods and services. A U.S.-Moldovan trade agreement providing reciprocal most-favored-nation tariff treatment took effect in 1992. The same year, an Overseas Private Investment Corporation agreement was signed, encouraging U.S. private investment in Moldova through direct loans and loan guarantees. A bilateral investment treaty was signed in 1993. The United States granted Moldova generalized system of preferences status in 1995, and some Eximbank coverage became available the same year.

Moldova's Membership in International Organizations
Moldova is a member of the United Nations, the Organization for Security and Cooperation in Europe, the North Atlantic Cooperation Council, the International Monetary Fund, the World Bank, the World Trade Organization, the GUAM Organization for Democracy and Economic Development, and the North Atlantic Treaty Organization's Partnership for Peace program. The current Government of Moldova seeks closer integration with Europe and is currently negotiating an Association Agreement, a Deep and Comprehensive Free Trade Area, and a visa liberalization plan with the European Union.