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Binsar Abdelkad
ABU DHABI, 11th August, 2022 (WAM) — Moldova-UAE bilateral trade has emerged since the end of 2021 due to commercial deals reached at Expo 2020 Dubai, a senior Moldovan diplomat told the Emirates News Agency, WAM. Huge leap.
Moldova’s ambassador to the UAE, Victor Haruta, said that compared to 2020, bilateral trade will increase by 3.4 times in 2021, of which Moldova’s exports to the UAE will increase by 21.3 times.
In the first seven months of 2022, from January to July, imports from the UAE to Moldova have grown by 2.11 times compared to the same period in 2020, Haruta said. Abu Dhabi in 2018.
The specific impact of the Expo
In an exclusive interview with the Moldovan embassy in Abu Dhabi, the envoy revealed that a significant portion of bilateral trade takes place during Expo 2020 Dubai in the fourth quarter of 2021 and the first quarter of 2022.
“Expo is an amazing platform for us. We not only promote our culture, traditions and history, but also business. It is open to all 192 countries, so our Moldovan visitors can not only connect with the UAE, but also Links can be established with all countries. Participating countries. We use these opportunities to promote our business, establish contacts and sign commercial contracts,” the envoy explained.
Haruta gave a concrete example of the impact of the commercial deals reached at the Expo on bilateral trade, saying that a group of Moldovan fruit producers who visited the fair had established contacts with some local buyers, signed contracts with them and started to send UAE exports fruit. two months.
“This is a real tangible result and it will continue to grow. Once the first contacts are established, which is the most important part of starting work, then the business will continue to grow,” noted the ambassador, who just concluded his tenure in the UAE.
UAE is gateway to the Gulf
The diplomat said that Moldova’s biggest export to the UAE is fresh fruit. “We opened this market for Moldovan apples. This year we have exported more than 9000 tons of apples to the UAE. You can find them in all supermarkets here. We are now waiting for the new harvest in September to continue exporting apples and other fresh fruits Shipping to the UAE and the entire Gulf region.”
He pointed out that the UAE as a business center is Moldova’s entry point into the Arabian Gulf region. “We use Dubai to enter markets like Saudi Arabia, Bahrain and Oman.”
Huge leap in trade from 2021
Explaining the huge leap in bilateral trade since 2021, Haruta said trade volume reached $5.68 million [AED20.86 million] Jumps 3.4x to $19.34 million in 2020 [AED71.04 million] Moldova’s exports to UAE surge 21.3x from $675,770 in 2021 [AED2.482 million] to $14.4 million [AED52.89 million].
He added that in the first seven months of 2022, from January to July, trade has grown to $4.55 million [AED16.71 million]an increase of 92.8% from $2.36 million [AED 8.67 million] the same period in 2021.
Apart from fruits and vegetables, sunflower seeds and oils, ice cream, pharmaceuticals, barley and bakery products are Moldova’s main exports to the UAE.
UAE imports to Moldova increase 2.11 times to $3.25 million in first seven months of 2022, January-July [AED11.94 million]from $2.154 million [AED7.91 million] During the same period in 2021, the diplomat said. Tea, cigarettes, perfumes, plastics, wires, cables, lubricants, etc. are the main imported commodities of Moldova.
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