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News & Broadcast - Press Review: EU, Montenegro Sign WTO Accession Agreement

Published date: 17.04.2008 16:32 | Author: Kliping inostranih medija

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The EU signed an agreement with Montenegro on Tuesday opening the way for the former Yugoslav republic to join the World Trade Organisation (WTO).

Today's signature is good news, showing the progress Montenegro is making on its EU road, European Enlargement Commissioner Olli Rehn said in a statement. WTO accession is crucial to fostering economic and trade reforms needed to build a functioning market economy required for EU membership, he said. [Reuters/Factiva]

Dow Jones notes that The EU is the first WTO member to conclude bilateral talks on Montenegro's accession, and the agreement completes bilateral negotiations which began in 2005. Our consistent work has brought us one step closer to accession...we will now step up our efforts to also complete bilateral negotiations with other WTO members, said Montenegro's Vice Prime Minister Gordana Djurovic, adding he was confident Montenegro could join the WTO before the end of the year. [Dow Jones/Factiva]

HINA adds that The agreement was signed by Montenegro's Deputy Prime Minister Gordana Djurovic and the European Commission's Director General for Trade, David O'Sullivan. [HINA (Croatia)/Factiva]