About the Embassy
U.S. - Moldovan Relations
The dissolution of the Soviet Union in December 1991 brought an end to the Cold War and created the opportunity to build bilateral relations with the 15 new states that had made up the former U.S.S.R. as they began political and economic transformation. The United States recognized the independence of Moldova on December 25, 1991 and opened an Embassy in its capital, Chisinau, in March 1992.
A trade agreement providing reciprocal most-favored-nation tariff treatment became effective in July 1992. An Overseas Private Investment Corporation agreement, which encourages U.S. private investment by providing direct loans and loan guarantees, was signed in June 1992. A bilateral investment treaty was signed in April 1993. Generalized system of preferences status was granted in August 1995, and some Eximbank coverage became available in November 1995.
In 2006, the U.S. Millennium Challenge Corporation approved Moldova's $24.7 million Threshold Country Plan to combat corruption. The MCC also ruled that Moldova is eligible to apply for full compact assistance, and the Moldovan Government submitted its compact proposal in 2008.