Key Business Links
U.S. Government Resources
The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. Located across the United States and in U.S. Embassies and Consulates in nearly 80 countries, our global network of trade professionals connects U.S. companies with international buyers, providing them with market intelligence, trade counseling, business matchmaking, advocacy/commercial diplomacy support.
Whether you are a U.S. company looking to make your first export sale or expand to additional markets, or an international company looking to purchase products/services from the United States or find additional U.S. suppliers, we offer the expertise you need to connect with lucrative opportunities.
The U.S. Export-Import bank (Ex-Im Bank) is the principal government agency responsible for aiding the export of American goods and services through a variety of loan, guarantee, and insurance programs. Generally, its programs are available to any American export firm regardless of size.
OPIC is a self-sustaining U.S. Government agency, which promotes growth in developing countries by encouraging U.S. private investment. OPIC’s key programs are its loan guarantees, direct loans and political risk insurance.
TDA is an independent U.S. government agency which promotes U.S. exports for major development projects. TDA funds feasibility studies, consultants, training programs and other project planning services related to U.S. exports. Contracts funded by TDA grants must be awarded to U.S. companies. U.S. involvement in project planning helps position potential U.S. suppliers at the project implementation stage.
In order to further develop commercial ties between the U.S. and Montenegro, the first American Chamber of Commerce in Montenegro was launched on November 19, 2008. AmCham Montenegro serves as a leading advocate for American as well as other foreign businesses in Montenegro.
The U.S.-Montenegro Business Council was formally opened in Podgorica on December 16, 2008. The Council's mission is to promote trade and investment between the U.S. and Montenegro. Additionally, through its sister office in the U.S., the Council seeks to encourage more American investors to learn about opportunities in Montenegro, as well as to help Montenegrin companies explore business opportunities in the U.S. Also, as a part of the strategic partnership between Montenegro and State of Maryland, the Council's office in Podgorica is also serving as a Maryland state trade office.
The U.S. Generalized System of Preferences (GSP) is a program designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 5,000 products when imported from one of 128 designated beneficiary countries and territories. U.S. businesses imported $18.5 billion worth of products under the GSP program in 2011, including many inputs used in U.S. manufacturing. GSP was instituted on January 1, 1976, by the Trade Act of 1974.
Products that are eligible for duty-free treatment under GSP include: most manufactured items; many types of chemicals, minerals and building stone; jewelry; many types of carpets; and certain agricultural and fishery products. Among the products that are not eligible for GSP duty-free treatment are: most textiles and apparel; watches; and most footwear, handbags, and luggage products.
On October 21, 2011, President Obama signed legislation to reauthorize the GSP program through July 31, 2013.
More information how to expand Montenegro’s export to USA through the Generalized System of Preferences and which products are eligible for duty – free treatment under GSP is available on the link above.
In order to better promote investment and foster economic development, the Government of Montenegro established the Montenegrin Investment Promotion Agency (MIPA) in mid-2005. It seeks to advertise Montenegro as a competitive investment destination by actively facilitating investment projects in the country.
Privatization and Capital Investment Council has been formed pursuant to the Law on Privatization Economy in order to manage, control and supply the privatization process implementation as well as to propose and coordinate all activities necessary for the capital projects application in Montenegro. The Privatization plan is available on the Council’s webpage.