In 2020, the world economy, which was already affected by the economic and geopolitical tensions between the major global players, was shaken by the COVID-19 pandemic. This has also had implications for the economic performance of the Republic of Moldova.
Thus, the latest statistics on foreign trade of Moldovan goods reveal a negative effect of the pandemic, including on the trade flows with the European Union (EU). These circumstances have fuelled discussions about the usefulness of the Deep and Comprehensive Free Trade Area (DCFTA) and, in particular, whether this trade regime can help absorb the shock caused by the pandemic and increase the country’s exports.
In fact, the Moldovan exports to this destination are considered to be far from reaching their full potential given the opportunities offered by the DCFTA. Thus, it is appropriate to assess the current export potential of the Republic of Moldova to the EU. To meet this challenge, based on a recognized methodology, we have analysed, at the level of groups of goods, which of them have a high export potential that has not been fully utilised so far within the DCFTA.
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