Moldova has made significant improvements to its legal and regulatory environment and is now ranked 83rd of 185 countries in the overall Doing Business 2013 report.
But the country remains near the bottom of several Doing Business indicators, including Trading Across Borders. As a landlocked country, Moldova has an inherent disadvantage in trade. When added to the sometimes arbitrary application of trade and customs regulations and to inefficient trade policies and procedures, Moldova's trade regime makes both domestic and foreign business think twice before investing in the country.
To address these challenges and facilitate trade, BRITE will use a flexible approach to seize opportunities as they emerge. The low rankings in the Trading Across Borders indicator of the Doing Business report and the government's desire to improve it, as well as its interest in concluding negotiations on a Deep and Comprehensive Free Trade Area with the European Union, provide a window of opportunity to make meaningful and sustainable improvements to the country's trade environment.