Agreement between the Government of Romania and the Government of Montenegro regarding economic cooperation.

The contracting parties, depending on their capabilities and economic aspirations in the long term, will encourage bilateral cooperation in all areas considered appropriate, especially in the economic and technical sectors. Among the objectives of this cooperation will be: (a) the development and prosperity of their industries; (b) the encouragement of economic cooperation; (c) the protection of the environment; and (d) in general, to contribute to the development of their economies and living standards. Economic cooperation will be developed in accordance with this Agreement, by promoting activities related to economic sectors, in particular and without limiting them, mainly in the following sectors: (a) agriculture and food industry, forestry and timber processing industry, water management; (b) health and consumer protection; and (c) tourism, including rural tourism. In order to identify and to facilitate business opportunities and new forms of economic cooperation, the joint commission will: (a) support the establishment and operation of representative offices, branches, bilateral chambers of commerce and other economic entities, in accordance with the legislation of the contracting parties; (b) promote and support economic missions, fairs, exhibitions, seminars, symposia and other similar activities; and (c) support financial institutions and banks from the countries of the two contracting parties to establish contacts or strengthen cooperation, will promote the participation of small and medium enterprises in fulfilling the objectives of this Agreement, will encourage the activities of investments, the creation of joint ventures and subsidiaries of companies.