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EFTA and Montenegro promote new trade agreement
Marking the entry into force of the free trade agreement between the EFTA States and Montenegro, a jointly organised export promotion seminar was held on 12 September 2012 in Podgorica for the benefit of Montenegrin businesses.
The EFTA-Montenegro free trade agreement became effective on 1 September 2012 between Montenegro, Liechtenstein and Switzerland. It will enter into force on 1 October for Iceland and on 1 November for Norway.
With a focus on opportunities arising from the new agreement for Montenegrin producers and exporters, experts presented technical and practical aspects of accessing the EFTA markets. The topics covered included rules of origin, sanitary and phytosanitary requirements as well as technical standards.
Merchandise trade between the EFTA States and Montenegro has potential for further growth. In 2011, total imports and exports between the two sides amounted to USD 14 million.