Montenegro to join the EU

Posted on: 25/06/2015

On 22 June 2015, two new chapters were opened for the negotiating process for Montenegro's accession to the European Union (EU), namely chapter 9 on financial services and chapter 21 on trans-European networks. Montenegro has committed itself to align national regulations in the field of insurance, investment services and finances, e.g. financial market infrastructure, with the requirements of the EU. In relation to chapter 21, the EU plans to engage Montenegro in the development of a trans-European transport network as well as related projects in the transport sector.

In addition, Montenegro announced the establishment of a new Anti-Corruption Agency in January 2016, which will be responsible for carrying out financial investigations and consequently confiscating assets if necessary. The EU also encouraged Montenegro to amend its legislation on public administration and general administrative procedures. Reforms regarding border issues with other countries of the region are also foresee.  These include the signing of a border agreement with Bosnia and Herzegovina. In regards to trade, Montenegro has vowed to continue developing a favourable business environment for importers and other investors.

 

International Trade Up-dates into your inbox twice a month

What to keep up to date on customs and international trade issues – subscribe to our OneCall service which combines regular practical updates (Did You Know?) and a helpline support service. MORE INFORMATION

Link to sign up for Spotlight

Subscribe to our free information emails covering international trade topics .... Spotlights on key topics SAMPLE      

CLICK HERE to subscribe

Links

Export Essentials

Import Essentials

Essential Guide to Customs Procedures

Advanced Guide to Customs Procedures

Understanding Free Trade Agreements

Diploma in World Customs Compliance Procedures

< Back to our Import and Export News

Contact Strong & Herd
to discuss your requirements
Telephone
0161 499 7000
Fax
0161 499 7100
Strong & Herd LLP, Manchester International Office Centre
Styal Road, Manchester, M22 5WB