Following the dissolution of the Soviet Union, the United States recognized the independence of Moldova on December 25, 1991 and opened an Embassy in its capital, Chisinau, in March 1992. The United States supports the sovereignty and territorial integrity of the Republic of Moldova and on that basis supports the OSCE-led 5+2 negotiations to find a comprehensive settlement that will provide a special status for the separatist region of Transnistria within a territorially whole and sovereign Moldova.
U.S. Assistance to Moldova
U.S. government assistance aims to help Moldova strengthen its democratic institutions, increase prosperity, secure its internationally recognized borders, and integrate with Europe and the West. Since 1992, the United States has provided over $1.5 billion in assistance to Moldova. In 2010, Moldova received a $262 million, five-year Millennium Challenge Corporation compact for economic development and investment projects in irrigation infrastructure, high-value agricultural production, and road rehabilitation.
Bilateral Economic Relations
Moldova benefits from liberalized trade and investment and wants to promote the export of its goods and services. A U.S.-Moldovan trade agreement providing reciprocal most-favored-nation tariff treatment took effect in 1992. An Overseas Private Investment Corporation agreement was signed in 1992, encouraging U.S. private investment in Moldova through direct loans and loan guarantees. A bilateral investment treaty was signed in 1993. The United States granted Moldova generalized system of preferences status in 1995, and some Eximbank coverage became available the same year.