The encouragement of exports by attracting investment, especially foreign direct investment, represents the key objective of the new national investment attraction and export promotion strategy for 2016-2020, which was approved by the Government, IPN reports.

The document will support the fulfillment of the commitments undertaken by Moldova within the Association Agreement with the EU.

The strategy is aimed at attracting about US$380 million in foreign direct investment until 2020 and at creating at least 10,000 jobs. The document covers the sectors that are the most promising in terms of potential to attract investment during the next five years. The implementation of the strategy will help attract major investment projects that will contribute to increasing the production and export capacities, stimulating the national SMEs and promoting knowledge in new areas for the national economy.

The achievement of the objectives stipulated in the strategy will enable not only to obtain tangible economic effects, but will also ensure Moldova’s enhanced attractiveness at international level and an improved investment and business climate.

The strategy will be implemented with the assistance of the central public institutions, expert organizations and agencies and of the business community and civil society. If need be, the text of the strategy and its plan of action will be reviewed and adjusted annually.