The Vice Prime Minister for Economic Policy and Minister of Economic Development, along with the U.S. Under Secretary for Economic Growth, Energy, and the Environment, signed a Memorandum of Economic Cooperation in Washington, D.C.
According to government announcements, this memorandum is a key outcome of years of collaborative efforts and lays the foundation for further connections between the two countries’ economic sectors. The Vice Prime Minister emphasized that the United States is a friend of Montenegro, and the economic dialogue underscores their constructive partnership. He highlighted the importance of continuous collaboration between their administrations to identify new areas for joint economic development.
Discussions included topics such as investment security and addressing non-market policies and practices. The Under Secretary stated that the memorandum aims to strengthen cooperation, expand bilateral trade and investment, and support regional economies for the benefit of both American and Montenegrin workers and businesses. He commended Montenegro for its positive IBAR rating, recognizing the challenges in advancing the rule of law and expressing optimism that Montenegro will become an ideal place for efficient business operations and investments.
The Vice Prime Minister noted that joint efforts from both governments and businesses could create a favorable investment and trade environment, contributing to economic growth in both nations. He encouraged American companies to view Montenegro as a secure investment destination, citing its clear economic predictability and commitment to fighting corruption, which fosters a safe environment for American investors.
The signing was attended by the U.S. Ambassador to Montenegro, the Montenegrin Ambassador to the U.S., senior members of the U.S. administration, and various Montenegrin government officials, including the Ministers of Energy, Maritime Affairs, Public Administration, and Mining.
