Montenegro signed the Central European Free Trade Agreement (CEFTA) in July 2007.  The agreement has been signed by seven other countries (Albania, North Macedonia, Moldova, UNMIK/Kosovo, Croatia, Serbia, and Bosnia and Herzegovina).  A free trade agreement with Turkey has been in force since March 2010.  Montenegro had a free trade agreement with Russia, but the agreement is not currently in force, nor are the free trade agreements with Kazakhstan and Belarus, which have a customs union with Russia.  In 2011, Montenegro signed a free trade agreement with Ukraine and with the European Free Trade Association (EFTA) countries (Switzerland, Norway, Iceland, and Liechtenstein).  Montenegro has not signed a Bilateral Investment Treaty (BIT) with the United States.  The United States restored Normal Trade Relations (Most-Favored Nation status) to Montenegro in December 2003.  This status provided improved access to the U.S. market for goods exported from Montenegro.  Montenegro  was designated as a beneficiary developing country under the U.S. Generalized System of Preferences (GSP) program, but that status expired on January 1, 2021.  As a result, Montenegrin imports entering the United States that were previously eligible for duty free treatment under GSP up until December 31, 2020 (including jewelry, ores, stones, and various agricultural products) are now subject to regular duties.

Montenegro does not have a double taxation treaty with the United States. On March 1, 2018, Montenegro’s Parliament approved the Foreign Account Tax Compliance Act (FATCA) agreement between the governments of Montenegro and the United States.  Implementation of FATCA will help the countries better track and report tax evasion.  The country has signed 43 taxation treaties with various countries on income and property, which regulate double taxation.  The treaties in force are with the following countries: Albania, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hungary, Italy, Ireland, India, Korea, Kuwait, Latvia, North Macedonia, Malaysia, Moldova, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovak Republic, Slovenia, Sri Lanka, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, and the United Arab Emirates.  Treaties with Spain and Qatar are pending. 

Investment treaties seek to ensure a stable framework for investment and better use of economic resources.  They define the conditions for investments, allowing free transfer of funds, the right of subrogation, compensation in the event of expropriation and settlement of disputes between investors and countries, including the settlement of disputes between the countries themselves.

Montenegro has 24 BITs in force, and more than half have been concluded with the EU member states.  Additional information can be found at https://www.gov.me/clanak/ostali-sporazumi

Montenegro joined the Inclusive Framework on BEPS in December 2019.