RESTRICTED  WORLD TRADE  
ORGANIZATION  WT/ACC/SPEC/CGR/2 
1 July 2005 
 (05-2832) 
Working Party on the 
Accession of Montenegro Original:   English 
 
 
 
ACCESSION OF MONTENEGRO 
 
Initial Offer on Specific Commitments in Services  
 
 
 The following submission, dated 24 June 2005, is  being circulated at the request of the 
Republic of Montenegro.   
_______________ 
  
 WT/ACC/SPEC/CGR/2 
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 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
I. HORIZONTAL COMMITMENTS 
Investment (3) A foreign person may not have 
majority ownership in enterprises dealing with weapons and 
ammunition, or in enterprises 
established in restricted areas (frontier strip, national parks, etc.) 
and must have the approval of the 
competent ministry for investments in such cases. However, a foreign 
person may establish or invest in 
such a company with a domestic person.   
Subsidies 
  (3)(4) Eligibility for subsidies is reserved 
to national service suppliers.  
Real Estate  
  (3)(4) Some areas of the country specified 
by the Law on Basic Property Relations may be restricted for the 
ownership of foreign persons.  A 
foreign legal or natural person may 
acquire ownership of real property in 
Montenegro for a personal residence or business purpose, provided the 
reciprocity requirement is met.  
Temporary Entry and Stay of Natural 
Persons   
 
  
 
  
 
  
 
 
 
  (4) The Government determines each 
year the number of working permits for foreign persons, taking into 
consideration migration policy and 
current situation at the labour market. The Government determines 
an annual quota of permits 
specifying professions in which foreigners may be employed, the 
number of permits for each 
profession, and the territorial allocation of working permits. 
 
The annual quota does not include 
working permits issued to: 
 -  Foreign persons who are (4) Full national treatment is not 
provided in regard of employment of foreign nationals  
  
 A foreign person may be employed 
in Montenegro only with a residence 
permit and work permit.  
  
  WT/ACC/SPEC/CGR/2
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Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
 
  
 
  
 
  
 
  
 
  
 
 permanently employed in 
Montenegro subject to reciprocity or international agreement; 
-  Foreign persons engaged in a 
business entity or its representative office based on a contract on 
business-technical cooperation; 
-  Persons engaged in educational and 
academical institutions who work on 
languages of national and ethnic 
minorities; 
-  Professional athletes and sport 
workers who work in Montenegro 
under a contract; or 
-  Spouses and children of foreign 
persons with approved permanent 
residence in Montenegro.  
 WT/ACC/SPEC/CGR/2 
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 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
II. SECTOR SPECIFIC COMMITMENTS 
I. BUSINESS SERVICES  
1. Professional Services 
(a)  Legal Services 
 (CPC 861)    
  (1)  None for consultancy on foreign or 
international law.  Unbound with respect to Montenegrin law. 
(2)  None 
(3)  None for consultancy on foreign or 
international law, except attorneys 
may not have more than one office 
registered.  Unbound with respect to Montenegrin law 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
  
(2)  None 
(3)  Attorneys must be members of the 
Bar and citizens of Serbia and 
Montenegro. 
  
(4)  Unbound, except as indicated in the 
horizontal section. Attorneys must be members of the Bar and citizens 
of Serbia and Montenegro.  
(b) Accounting, auditing and 
bookkeeping services  
 (CPC 862) (1)  None  
(2)  None 
(3) None, except that auditing can be 
performed only by legal persons. 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
 (4)  Unbound, except as indicated in the 
horizontal section.  
(c) Taxation Services 
 (CPC 863)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(d) Architectural services  
 (CPC 8671) 
(e) Engineering services  
 (CPC 8672) (f) Integrated engineering services 
 (CPC 8673)  (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
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Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(g) Urban planning and landscape 
 architectural services   (CPC 8674) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(h) Medical and dental services  
 (CPC 9312) (1)  Unbound∗ 
(2)  None 
(3)  None  (4) Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(i) Veterinary services  
 (CPC 932) (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(j) Services provided by midwives, 
nurses, physiotherapists and 
para-medical personnel  
 (CPC 93191) (1)  Unbound* 
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. . 
2. Computer and Related Services  
(a) Consultancy services related to the  
installation of computer hardware  
 (CPC 841)  
(b) Software implementation services  
 (CPC 842)    (c) Data processing services  
 (CPC 843) 
(d) Data base services  
 (CPC 844)  
(e) Other  (CPC 845-849)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
                                                      
∗ Unbound due to lack of technical feasibility  
 WT/ACC/SPEC/CGR/2 
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 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
3. Research and Development Services 
(a)  R&D services on natural sciences 
 (CPC 851) (b)  R&D services on social sciences and 
humanities 
 (CPC 852) (c)  Interdisciplinary R&D services  
 (CPC 853) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
4. Real Estate Services 
(a)  Involving own or leased property 
 (CPC 821) (b) On a fee or contract basis 
 (CPC 822) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
5. Rental/Leasing Servi ces Without Operators  
(a) Relating to ships  
 (CPC 83103) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(b) Relating to aircraft   
 (CPC 83104) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(c) Relating to other transport equipment   
 (CPC 83101, 83102, 83105) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(d) Relating to other machinery and  
equipment   
 (CPC 83106, 83107, 83108, 83109) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
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Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(e)  Other 
 - Rental services relating to pre-
recorded video cassettes and optical 
discs for use in home entertainment equipment   
 (CPC 83202) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
6.  Other Business Services 
(a) Advertising services  
 (CPC 871)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(b) Market research and public opinion 
polling services 
 (CPC 864) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(c) Management consulting services  
 (CPC 865)   (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(d) Services related to management 
consulting; 
 (CPC 866)  
 (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(e) Technical testing and analysis 
services  
 (CPC 8676)  (1)  Institutions have to be registered in 
the internati onal accreditation 
system 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None1 
 
 (2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
                                                      
1 Foreign certificates or reports on examination and other documents on conformity may be recognized in Montenegro only if the d ocuments have been issued in 
accordance with the inte rnational system and accreditation sc hemes recognized by Montenegro.  
 WT/ACC/SPEC/CGR/2 
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 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(f) Services incidental to agriculture, 
hunting, forestry and fishing 
 (CPC 881, 882) (1)  Unbound 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound 
(2)  None (3)  Unbound 
(4)  Unbound, except as indicated in the 
horizontal section.  
(i) Services incidental to manufacturing  
 (CPC  884, 885 excluding 
production of securities, money, 
coins and stamps)  
 (1)  Unbound 
(2)  None 
(3)  Unbound 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound 
(2)  None 
(3)  Unbound 
(4)  Unbound, except as indicated in the 
horizontal section.  
(j) Services incidental to energy 
distribution 
 (CPC 887) (1)  Unbound 
(2)  None 
(3)  Unbound (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound 
(2)  None 
(3)  Unbound (4)  Unbound, except as indicated in the 
horizontal section.  
(k) Placement and supply services of 
Personnel 
 (CPC 87203) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(l) Investigation and security 
 (CPC 873) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
(m) Related scientific and technical 
consulting services  
 (CPC 8675) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(n) Maintenance and repair of equipment 
(not including maritime vessels, 
aircraft or other transport equipment) 
 (CPC 633, 8861-8866)  (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(o) Building-cleaning services   
 (CPC 874) (1)  Unbound* 
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
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Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(p) Photographic services 
 (CPC 875)    (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(q) Packaging services 
 (CPC 876) (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(r) Printing, publishing  
 (CPC 88442) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
(s)  Convention services 
 (CPC 87909, planning, managing and 
marketing services for conventions 
and similar events) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(t)  Other 
 
 – Translation services  (CPC 87905)  (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.   
 WT/ACC/SPEC/CGR/2 
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 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
II. COMMUNICATION SERVICES 
1. Postal Services 
 (CPC 7511) (1)  None  
(2)  None (3)  None  
 
  
 
 (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None, except  the Government 
covers part of the losses of the 
Montenegro Postal Services from the Budget, as compensation for 
providing elements of universal 
postal services 
(4)  Unbound, except as indicated in the 
horizontal section.  
2. Courier Services  
 (CPC 7512)  
 (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
3.   Telecommunication Services 
(a) Voice telephone services  
 (CPC 7521) 
 (1)  None, except unbound for "call-
back" calls 
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
 
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(b) Packet-switched data transmission 
services 
 (CPC 7523**) 
 (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(c) Circuit-switched data transmission 
services 
 (CPC 7523**) 
 (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
(d) Telex services  
 (CPC 7523**) 
 (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.   
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(e) Telegraph services 
 (CPC 7522)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(f) Facsimile services 
 (CPC 7521**+7529**) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(g) Private leased circuit services 
 (CPC 7522**+7523**) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
(h) Electronic mail  
 (CPC 7523**) 
 (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(i) Voice mail  
 (CPC 7523**) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
(j) On-line information and data base 
retrieval  
 (CPC 7523**) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(k) Electronic data interchange (EDI)  
 (CPC 7523**) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(l) Enhanced/value-added facsimile 
services, incl. store and forward, 
store and retrieve  
 (CPC 7523**) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.   
 WT/ACC/SPEC/CGR/2 
Page 12 
 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(m) Code and protocol conversion 
  
 (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(n) On-line information and/or data 
processing (incl. transaction 
processing)  
 (CPC 843**) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(o) Other 
 (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
4.  Audiovisual services 
(a)   Motion picture and video tape 
production and distribution services 
 (CPC 9611) (1)  None  
(2)  None 
(3)  None  
  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None
2, except that a foreign 
producer who shoots a movie or TV series alone, must pay special fees. 
(4)  Unbound, except as indicated in the 
horizontal section.  
(b)   Motion picture projection service 
 (CPC 9612) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
                                                      
2 Foreign producers who shoot movies or TV series alone must pay a fee of US$ 3,000 for a foreign movie of regular duration; for  a movie of regular size or a TV series 
US$ 5,000, and for a short film or documentary US$ 300 per day of shooting.  These fees are budget revenue and are intended to support production of domestic films.  
  WT/ACC/SPEC/CGR/2
 Page 13Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(c)   Radio and Television services 
 (CPC 9613) (d)   Radio and television transmission 
services 
 (CPC 7524) (1)  None  
(2)  None (3)  None, except a broadcasting licence 
may not be held by a religious 
community, or other religious organization, except on local level; 
or  a political party, organization or 
coalition  or a legal entity established by such party, 
organization or coalition.   
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)(4) A foreign person may not 
participate in the basic capital of a 
broadcasting company.
3 
 
 Broadcasting licence holders must 
be residents of Montenegro. 
  
(e)   Sound recording 
 (n.a.) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
III. CONSTRUCTION AND RELATED  ENGINEERING SERVICES  
1. General construction 
work for buildings 
 (CPC 512) 
2. General construction 
work for civil engineering 
 (CPC 513) 
3. Installation and assembly work  (CPC 514, 516)  
4.  Building completion and finishing 
work 
 (CPC 517) 
5. Other 
 (CPC 511+515+518) (1)  Unbound
* 
(2)  None 
(3)  None  
(4) Unbound, except as indicated in the 
horizontal section. (1)  Unbound* 
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
                                                      
3 Domestic legal entity with foreign legal entities among its foun ders, registered in the countries where it is not permitted or  where it is not possible to determine the 
origin of foundation capital, may not participate in public tender for transmission and broadcasting of radio signals.  
 WT/ACC/SPEC/CGR/2 
Page 14 
 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
IV. DISTRIBUTION SERVICES 
1. Commission Agents' Services  
 (CPC 621) 2. Wholesale Trade 
 (CPC 622, CPC 61111,  6113, 6121) 
3. Retailing Services   (CPC 61112, 6112, 6113, 6121, 631, 
632, 633) including audio and video 
records and tapes  
 (CPC 63234)    
4. Franchising  
 (CPC 8929)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
V. EDUCATION SERVICES 
1.     Primary education services  
 (CPC 921) (1)  None  
(2)  None 
(3)  None  
  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  A private elementary school may be 
established only by a domestic natural or legal person.  
(4)  Unbound, except as indicated in the 
horizontal section.  
2. Secondary Education Services   
 (CPC 922)   (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
3. Higher Education Services  
 (CPC 923) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
4. Adult Education    
 (CPC 924) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
5.   Other education services  
 (CPC 929) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
 Page 15Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
VI. ENVIRONMENTAL SERVICES 
1. Sewage services  
 (CPC 9401) 2. Refuse disposal services  
 (CPC 9402)  
3. Sanitation and similar services   (CPC 9403) 
4. Other 
 -  Cleaning services of exhaust gases 
 (CPC 9404) 
-  Noise abatement services  (CPC 9405) 
-  Nature and landscape protection 
services   
 (CPC 9406)  
- Other 
 (CPC 9409)  (1)  Unbound
* 
(2)  None  (3)   None, except potable water 
management services which may be 
provided exclusively through public utility companies. 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None (3)  None  
 
  
(4)  Unbound, except as indicated in the 
horizontal section.  
VII. FINANCIAL SERVICES    
1. Insurance and insurance-related services  
(a)  Life, accident and health insurance 
services 
 (CPC 8121) (b)  Non-life insurance services 
 (CPC 8219) 
(c)  Reinsurance and retrocession  (CPC 81299) 
(d)  Services auxiliary to insurance 
(including broking and agency services) 
 (CPC 8140) (1)(2)(3)(4) Unbound 
 (1)(2)(3)(4) Unbound New Law in preparation 
2. Banking and Other Financial Services  
(a) Acceptance of deposits and other  
repayable funds from the public  
 (CPC 81115-81119) (1)  None  
(2)  None  (3)  Banks must be formed as joint stock 
companies 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
 
(4)  Unbound, except as indicated in the 
horizontal section.   
 WT/ACC/SPEC/CGR/2 
Page 16 
 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(b) Lending of all types, consumer credit, 
mortgage credit, factoring and financing of commercial transaction  
 (CPC 8113) 
(c)    Financial leasing   (CPC 8112)  
(d) All payment and money transmission 
services  
 (CPC 81339
**) 
(e) Guarantees and commitments   
 (CPC 81199**) (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(f) Trading for own account or for 
account of customers, whether on an 
exchange, in an over-the-counter 
market or otherwise, the following: 
 
- money market instruments (cheques, 
bills, certificate of deposits, etc.)  
 (CPC 81339**) 
- foreign exchange  (CPC 81333) 
-  derivative products (including, but 
not limited to,  futures and options) 
 (CPC 81339
**) 
-  exchange rate and interest rate 
instruments, such as swaps and forward rate agreements 
 (CPC 81339
**) 
-  transferable securities   (CPC 81321
*) 
-  other negotiable instruments and 
financial assets, such as bullion  
 (CPC 81339**) (1)  None 
(2)  None 
(3)  Activities such as brokerage, 
dealing, investment management, underwriting and investment 
consultancy may be provided by 
companies formed as  JSC only, with 
the exception of the investment 
consultancy, which may be provided by LLC or individual entrepreneurs.  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
  
 
 
 
  
(4)  Unbound, except as indicated in the 
horizontal section.  
(g) Participation in issues of all kinds of 
securities, under-writing and 
placement as agent (whether publicly or privately) and provision of service 
related to such issues  
 (CPC 8132) 
(h) Money broking  
 (CPC 81339
**) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
 Page 17Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(i) Asset management, such as cash or 
portfolio management, all forms of collective investment management, 
custodial depositary and trust services 
 (CPC 81323
*) (1)  None 
(2)  None (3)  An Investment fund must be 
organized as a joint stock company.
 
A company for Investment Fund 
Management must be organized as a 
joint stock company or limited 
liability company established for the purpose of establishing and 
managing an investment fund and 
may not engage in any other activity.  
(4) Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
 
  
 
  
 
 (4)  Unbound, except as indicated in the 
horizontal section.  
(j) Settlement and cl earing services for 
financial assets: securities, derivative products, and other negotiable 
instruments  
 (CPC 81339
** or 81319**) (1)  Unbound 
(2)  None (3)  This type of services may be 
provided by Central Depository of 
Securities only 
(4) Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
 
 
(4)  Unbound, except as indicated in the 
horizontal section.  
(k) Advisory, intermediation and other 
auxiliary financial services: credit 
reference and analysis, investment 
and portfolio research and advice, advice on acquisitions and on 
corporate restructuring and strategy 
 (CPC 8131or 8133) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(l) Provision and transfer of financial 
information, and financial data 
processing and related software  by 
providers of other financial services  
 (CPC 8131) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
VIII. HEALTH RELATED AND SOCIAL SERVICES   
1. Hospital services  
 (CPC 9311) 
2. Other Human Health Services   (CPC 9319) (1)  Unbound
* 
(2)  None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2) None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section.   
 WT/ACC/SPEC/CGR/2 
Page 18 
 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
IX. TOURISM AND TRAVEL RELATED SERVICES 
1. Hotels and Restaurants (incl. 
catering)  
 (CPC 641- 643) 
 (1)  Unbound* 
(2) None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2) None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section.  
2. Travel Agencies and Tour Operators' 
Services  
 (CPC 7471)  (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
3. Tourist Guides Services   
 (CPC 7472)  
 (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
X. RECREATIONAL, CULTURAL AND SPORTING SERVICES (other than audiovisual services) 
1.    Entertainment services 
 (CPC 9619), 
  
-  Cinema Theatre Operation Services  (CPC 96199)  (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
2. News agency services 
 (CPC 962)  
 (1)  None 
(2)  None 
(3)  Foreign states, international 
organizations and foundations may 
establish their information services 
only on the basis of agreements with the Government. These institutions 
are legal entities and have to be 
inscribed in Register of foreign information institutions kept by the 
responsible entity 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None 
(2)  None 
(3)  Foreign states, international 
organizations and foundations may 
establish their information services 
only on the basis of agreements with the Government. These institutions 
are legal entities and have to be 
inscribed in Register of foreign information institutions kept by the 
responsible entity 
(4)  Unbound, except as indicated in the 
horizontal section.  
4. Sporting and Other Recreational 
Activities, excluding gambling and 
betting services 
 (CPC 9641, 96491) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
 Page 19Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
XI. TRANSPORT SERVICES 
1. Maritime Transport 
(a)   Passenger transportation 
 (CPC 7211) (b)   Freight transportation 
 (CPC 7212) (1)  None  
(2)  None (3)  None  
 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None 
(2)  None (3)  Cabotage may be performed only by 
domestic vessels.
4 
(4)  Unbound, except as indicated in the 
horizontal section. 
 
 The Officer in command of a 
domestic vessel must be a citizen of 
Serbia and Montenegro.  
(c)  Rental of vessels with crew 
 (CPC 7213)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(d)   Maintenance and repair of vessels 
 (CPC 8868) (1)  Unbound* 
(2)  None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section.  
(e)   Pushing and towing services 
 (CPC 7214)  (1)  None  
(2)  None (3)  None  
 
  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None 
(2)  None (3)  Cabotage towing may not be 
performed by foreign vessels 
without the approval of the ministry in charge for transportation.  
(4)  Unbound, except as indicated in the 
horizontal section.  
                                                      
4 Non-commercial passenger transporta tion with foreign yacht or foreign boat is not considered cabotage.  
 WT/ACC/SPEC/CGR/2 
Page 20 
 Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
(f)   Supporting services for maritime 
transport 
 (CPC 745) (1)  Unbound* 
(2)  None (3)  None 
 
  
 
  
 
  
4)  Unbound, except as indicated in the 
horizontal section. (1) Unbound
* 
(2) None (3)(4) Abandoned vessels and cargo may 
not be salvaged by foreign legal or 
natural persons except with approval of the port authorities. 
  
 Pilotage in waterways, ports and 
wharfs of Serbia and Montenegro 
may not be performed by foreign 
persons. 
 
(4)  Unbound, except as indicated in the 
horizontal section.  
3. Air Transport Services  
(c) Rental of Aircraft with crew 
 (CPC 7340) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
(d)  Maintenance and repair of aircrafts 
 (CPC 8868) (1)  Unbound* 
(2)  None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section.  
(e)  Supporting services for air transport: 
 
-  Selling and marketing of air transport 
services 
-  Computer Reservation  System (CRS) (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  
5. Rail Transport Services  
-  Maintenance and repair of rail 
transport equipment  
 (CPC 8868) (1)  Unbound* 
(2)  None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None 
(3)  None (4)  Unbound, except as indicated in the 
horizontal section.   
  WT/ACC/SPEC/CGR/2
 Page 21Modes of supply:  (1)  Cross border supply  (2)  Consumption abroad  (3)  Commercial presence (4)  Presence of natural persons 
Sector or sub-Sector Limitations on market access Li mitations on national treatment Additional commitments 
-  Supporting services for railway 
transport 
 (CPC 7430) (1)  Unbound* 
(2)  None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section. (1)  Unbound
* 
(2)  None (3)  None 
(4)  Unbound, except as indicated in the 
horizontal section.  
6. Road Transport Services  
(a)  Passenger transportation  
 (CPC 7121+7122) 
(b)   Freight transportation 
 (CPC 7123) (c)  Rental of commercial vehicles with  
operator 
 (CPC 7124) (d)  Maintenance and repair of road 
transport equipment 
 (CPC 6112+8867) (e)  Supporting services for road transport 
services 
 (CPC 744) (1)  None  
(2)  None 
(3)  None  
  
 
  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None 
(2)  None 
(3)  Foreign carrier may perform 
cabotage only with a licence from the ministry of transport.  (Such 
licenses may be issued on the basis 
of lack of domestic transport capabilities) 
 (4)  Unbound, except as indicated in the 
horizontal section.  
7. Pipeline Transport 
(a) Transportation of fuels 
 (CPC 7131)  
(b) Transportation of other goods   (CPC 7139) (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None 
(3)  None  (4)  Unbound, except as indicated in the 
horizontal section.  
8. Services auxiliary to all modes of transport   
(a)  Cargo handling services 
 (CPC 741)  (b)  Storage and warehousing services 
 (CPC 742)  
(c)  Freight transport agency services  (CPC 748) 
 (d)  Other supporting and auxiliary 
transport services  
 (CPC 749)  (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section. (1)  None  
(2)  None (3)  None  
(4)  Unbound, except as indicated in the 
horizontal section.  WT/ACC/SPEC/CGR/2 
Page 22 
  
  REFERENCE PAPER 
Scope
 
The following are definitions and principles on the regulatory framework for the basic 
telecommunications services. 
Definitions  
Users  mean service consumers and service suppliers. 
Essential facilities  mean facilities of a public telecommunica tions transport network or service that: 
 (a) are exclusively or predominantly provide d by a single or limited number of suppliers; 
and 
 (b) cannot feasibly be economically or technically substituted in order to provide a service. 
A major supplier  is a supplier which has the ability to mate rially affect the terms of participation 
(having regard to price and supply) in relevant  market for basic telecommunications services as a 
result of: 
 (a) control over essential facilities; or 
 (b) use of its position in the market. 
1. Competitive safeguards  
1.1.  Prevention of anti-competitive practices in telecommunications  
 Appropriate measures shall be maintained for the purpose of preventing suppliers who, alone 
or together, are a major supplier from engaging  in or continuing anti-competitive practices. 
1.2.   Safeguards  
 The anti-competitive practices referred to above shall include in particular:  (a) engaging in anti-competitive cross-subsidization; 
 (b) using information obtained from comp etitors with anti-competitive results; and 
 (c) not making available to other services s uppliers on timely basis technical information 
about essential facilities and commercially rele vant information which are necessary for 
them to provide services. 
2.   Interconnection
 
2.1.   This section applies to linking with supp liers, providing public telecommunications transport 
networks or services in order to allow the user s of one supplier to communicate with users of 
another supplier and to access services provi ded by another supplier, where specific 
commitments are undertaken. 
2.2 Interconnection to be ensured  
 Interconnection with a major supplier will be en sured at any technically feasible point in the 
network.  Such interconnection is provided. 
 (a) under not-discriminatory terms, cond itions (including technical standards and 
specifications) and rates and of a quality no less favourable than that provided for its  WT/ACC/SPEC/CGR/2 
 Page 23 
  
 own like services or for like services of non- affiliated service suppliers or for its 
subsidiaries or other affiliates; 
 (b) in a timely fashion, on terms, cond itions (including technical standards and 
specifications) and cost-oriented rates that are transparent, reasonable, having regard to 
economic feasibility, and suffi ciently unbounded so that the supplier need not pay for 
network components or facilities that it does not  require for the service to be provided; 
and 
 (c) upon request, at points in addition to th e network termination points offered to the 
majority of users, subject to charges that reflect the cost of construction of necessary 
additional facilities. 
2.3 Public availability of the pro cedures for interconnection negotiations
 
 The procedures applicable for interconnecti on to a major supplier will be made publicly 
available. 
2.4 Transparency of interconnection arrangements  
 It is ensured that a major supplier will make  publicly available either its interconnection 
agreements or a reference interconnection offer. 
2.5 Interconnection: dispute settlement  
 A service supplier requesting interconnection with  a major supplier will have recourse, either: 
 (a) at any time; or 
 (b) after a reasonable period of time whic h has been made publicly known to an  
independent domestic body, which may be a re gulatory body as referred to in paragraph 
5 below, to resolve disputes regarding a ppropriate terms, conditions and rates for 
interconnection within a reasonable period of time, to the extent that these have not 
been established previously. 
3. Universal services  
 Any Member has the right to define the ki nd of universal service obligation it wishes to 
maintain. Such obligations will not  be regarded as anti-competitive per se , provided they are 
administered in a transparent, non-discrimin atory and competitively neutral manner and are 
not more burdensome than necessary for the kind  of universal service defined by the Member. 
4. Public availability of licensing criteria  
 Where a licence is required, the following will be made publicly available: 
 (a) all the licensing criteria and the period of time normally required to reach a decision 
concerning an application for a licence; and 
 (b) the terms and conditio ns of individual licenses. 
 The reasons for the denial of a licence will be  made known to the applicant upon request. 
5. Independent regulators  
 The regulatory body is separate from, and not accountable to, any supplier of basic 
telecommunications services. The decisions of and the procedures used by regulators shall be impartial with respect to all market participants. WT/ACC/SPEC/CGR/2 
Page 24 
  
  6. Allocation and use of scarce resources
 
 Any procedures for the allocation and use of scarce resources, including frequencies, numbers 
and rights of way, will be carried out in an objective, timely, transparent and non-
discriminatory manner.  The current state of allocated frequency bands will be made publicly 
available, but detailed identification of freque ncies allocated for specific government uses is 
not required. 
 
  
  WT/ACC/SPEC/CGR/2
 Page 25LIST OF ARTICLE II MFN EXEMPTIONS OF THE REPUBLIC OF MONTENEGRO  
 
Sector or sub-sector Description of measur e indicating its inconsistency with Article II Countries to which the 
measure applies Intended duration Conditions creating the need for 
the exemption 
Real estate  
All sectors Foreign persons acquire real property in Montenegro only on the basis of 
reciprocity.    All countries Indefinite  Legal system reasons 
Legal services Legal services (advocacy) may be  provided by person who is inscribed in the 
register of lawyers. One of conditions for the inscription in the register is to be a 
citizen of Serbia and Montenegro. Ex ceptionally, foreign person who fulfil 
conditions for inscription in the register of lawyers in his/her country, may be 
inscribed in the register of lawyers in Montenegro subject to reciprocity.   
Lawyer-foreign person, who is not inscribed in the register of lawyers in 
Montenegro, can provide advocacy servi ces at the territory of Montenegro 
subject to reciprocity.  All countries Indefinite Reciprocal coordination of the 
legal profession within the 
overall regional development of 
judicial and administrative 
institutions.  
 
Audiovisual Services 
 
- Production and 
distribution of 
cinematographic 
works and 
television programs Measures based upon government-to-govern ment framework agreements and 
plurilateral agreements on co-production of audiovisual works, which confer 
national treatment to audiovisual work s covered by these agreements, in 
particular in relation to dist ribution and access to funding. All countries with whom 
cultural cooperation may 
be desirable. Indefinite The aim of these agreements is 
to promote cultural links 
between countries concerned. 
Audiovisual Services  
-  Production and 
distribution of 
television 
programmes and 
cinematographic 
works 
 Measures granting the benefit of any support programmes (such as 
EURIMAGES) to audiovisual works, an d suppliers of such works, meeting 
certain European origin criteria. European countries Indefinite. 
Exemption needed, 
for certain countries, 
only until an 
economic integration 
agreement is 
concluded or 
completed. These programmes aim at 
preserving and promoting the 
regional identity of countries 
within Europe which have long-
standing cultural links. 
Road transport services Road transport licenses are issued subjec t to reciprocity.  All countries Indefinite International prac tice 
Road transport services 
 
- Passenger and 
Freight  Measures applied under exis ting or future agreement on international road 
transport and which reserve or limit th e provision of transport services and 
specify operating conditions, including tran sit permits and/or preferential road 
taxes of transport services into, in, across and out of Montenegro to the parties 
concerned. All countries with which 
agreements are or will be 
in force Indefinite The need for exemption is linked 
to the region characteristics of 
the road transport services and to 
the necessity to regulate traffic 
rights in the across the territory 
of Montenegro and between 
Montenegro and the countries 
concerned.  
 
 
__________