Knežević and the Atlas Group’s affected companies have the right to initiate arbitration proceedings against Montenegro, according to the arbitration rules of UNCITRAL, ICC or ICSID.
Turkey and Montenegro inked a protocol to expand the framework of their free trade agreement, which will pave the way for further development in bilateral trade and investments between the two countries.
Montenegro’s Economy Minister Vladimir Kavarić and his Ukrainian counterpart Andrii Klyuyev signed today in Kyiv the free trade agreement between the two states, which will enable Montenegro to resume its accession negotiations with the World Trade Organisation (WTO) and join the organisation in the near future.
Turkey and Montenegro signed a free trade agreement on the sidelines of a Balkan economy summit in Istanbul.
The Central European Free Trade Agreement (CEFTA) needs one more country to ratify it before it can take effect.
Turkey’s Undersecretariat of Foreign Trade will begin Free Trade Agreement (FTA) talks with four countries in the first half of this year in order to find new markets for Turkish businessmen and to extend current ones.
Croatia, Bosnia-Herzegovina, Serbia-Montenegro, Kosovo, Albania, Macedonia and Moldavia are expected to become a unique free trade zone by the end of 2007.
The European Union will give strong support to efforts by the continent’s southeastern countries, most of them in the Balkans, to sign a regional free trade deal this year, EU officials said on Monday.
The European Commission has proposed replacing the existing web of bilateral trade agreements in the Balkans with a regional free trade agreement — a move it says would boost economic prospects. However, the idea has met with opposition in Croatia.
India and Serbia & Montenegro today signed a ’Trade and Economic Cooperation Agreement’, which includes grant of ’Most Favoured Nation’ treatment in trade of goods and services and setting up of a Joint Economic Committee to explore new areas for bilateral trade.
All Balkans countries are headed for European Union membership, but they are taking different roads, and at differing pace.
THE idea of a Balkan General Free Trade Agreement, to replace existing bilateral free trade agreements, received support at an Athens meeting of the Association of Balkan Chambers, the Bulgarian Chamber of Commerce and Industry (BCCI) said on December 12.