28. November 2008

Turkey-Montenegro sign Free Trade Agreement

Source: ANSAmed

Turkey and Montenegro signed a free trade agreement on the sidelines of a Balkan economy summit in Istanbul.

Turkish Minister for Foreign Trade Kursad Tuzmen and Montenegro’s Development Minister Branimir Gvozdenovic signed the protocol, which Tuzmen characterized as "an important step" amid a global financial crisis, Anatolia news agency reported.

"The crisis will eventually be over. Growth rates are expected to return to former levels within two years time. And in the mean time we will take measures to lead Turkey out of the crisis with minimum damage by increasing trade and investments," Tuzmen said.