Montenegro joined the World Bank, IMF, European Bank for Reconstruction and Development (EBRD) and the Central European Free Trade Agreement (CEFTA).
Montenegro is set to join the World Trade Organization and Early 2012 and signed a Stabilisation and Association Agreement with the European Union in October 2007. Montenegro will begin negotiations to join the EC in 2012.
The industry is based on existing resources, with the largest participation coming from the mining-energy-metallurgical chain.
In a relatively small area there are significant quantities of bauxite, coal, lead, decorative stone, etc. Coal sites represent a significant energy potential. Montenegro has the capacity to produce crude steel, red bauxite, hydrated alumina, aluminum, sea salt, and coal.
Power capacity (Peručica and Piva hydroelectric power plants, and Pljevlja thermal power plant) produce about 3 billion kWh per year.
Agricultural land and water are still well preserved from industrial pollution and allow the production of healthy and environmentally friendly food, especially meat, milk, dairy products, honey, fish, vegetables, fruits, high quality wines and naturally pure water with high quality values (measured by international standards).
Maritime affairs has a long tradition, and there are prerequisites for the development of a maritime economy. The Port of Bar is the largest harbour in Montenegro, located near the entrnance to the Adriatic Sea it is capable of handling 5 million tonnes of goods annually. In the hinterland of the Port of Bar is a Free Customs Zone that provides opportunities for the development of production and service capacities to build a warehouse, from where transport will be easier by sea or rail to the north. In addition to the Port of Bar, the remaining ports of Kotor, Risan, Zelenika, and Budva have much lower capacities and are intended primarily for tourist activities.
Montenegro is ideal for developing all types of coastal, mountainous, health, religious, rural and congress tourism. In the years since its independence, Montenegro has recorded fast growth of investment in tourism, especially along the Adriatic coast. After the real estate boom in 2006 and 2007 when most of the real estate along the coast was bought up by foreigners, the Montenegro real estate sector has cooled down a bit. Despite this, the World Travel and Turism Council places Montenegro among the top destinations in the world, with growth evaluated at 11.9% annualy by 2012.
Some of the indicators;
• GDP/per capita:
• Trade partners: Serbia, Italy, Greece, Slovenia, Bosnia and Herzegovina