The commercial and economic cooperation between Moldova and China is dynamic, said Deputy Minister of Economy Vitalie Iurcu, calling on the Chinese companies to be more active and invest in the Moldovan economy. The call was made in the Moldovan-Chinese business forum that was held within the eighth session of the bilateral intergovernmental commission for commercial-economic cooperation that met in Chisinau on December 1-2, IPN reports.

“The organization of such meetings is a very good opportunity for developing our bilateral relations and for extending the mutually advantageous cooperation areas,” stated Vitalie Iurcu, being quoted in a press release of the Moldova Investment Attraction and Export Promotion Organization (MIEPO).

Chinese delegation’s head Luo Weidong, deputy director of the Eurasian Affairs Office of Commerce, expressed his optimism about the growth of the Chinese investments in the Moldovan economy given the witnessed upward trends.

The discussions also centered on the economic advantages and investment possibilities provided by the Free Economic Zones and Industrial Parks. There were considered the investment opportunities in energy efficiency and potential of renewable energy, particularities of the fiscal system and logistic possibilities in the Republic of Moldova.

The Chinese delegation consists of representatives of 16 companies operating in infrastructure, financial-banking sector, energy, information and communication technology, research and development in the agrifood sector, engineering and building.

Trade between Moldova and China in the first ten months of 2016 came to about US$ 290 million. Moldova exports less than 1% of its goods to China, while the Chinese goods represent about 10% of the Moldovan imports. Moldova’s exports to China consist mainly of wine, grapes, optical tools and furniture, while imports from this country include primarily chemical products and metallic items.