The Moldovan-Austrian business forum will take place in Chisinau on November 17.
The opening will be attended by the presidents of the two countries, Maia Sandu and Alexander Van der Bellen. The event is organized by the Chambers of Commerce and Industry of Moldova and Austria. As previously reported, on November 16, a new episode of the Export Morning program will also take place in Chisinau, which will be dedicated to the possibilities of entering the Austrian market. The Investment Agency emphasizes that the Austrian market represents an attractive opportunity for Moldovan producers due to the high purchasing power and high standard of living of the population, economic stability, diversified demand and access to the wider European market. Austria, which is geographically located in the heart of Europe and is a member of the European Union, not only offers its own lucrative market, but also serves as a gateway to the vast EU market. Austria's diversified economy, including technology, tourism and manufacturing, offers Moldovan manufacturers and service providers a variety of opportunities to penetrate different industries. By taking the right approach and adapting to local needs, Moldovan manufacturers can successfully expand their operations and build sustainable partnerships in this competitive market. The EU-Moldova Association Agreement facilitates trade relations. Currently, Moldova exports 22 categories of goods to Austria, the largest share of which are essential oils (3.8%), fresh fruits (1.7%) and fruit juices (1.5%). According to the National Bureau of Statistics, Moldovan exports to Austria in January-August 2023 amounted to $11.3 million, decreasing by 21.4% compared to the same period last year. At the same time, imports to Moldova from Austria during the reporting period increased by 9% - to $59.9 million. As a result, for Moldova during the 8 months in 2023, the negative trade balance with Austria amounted to $48.6 million, which is 19.8% higher than the previous year. // 15.11.2023 — InfoMarket.
