The Vice President of the Chamber of Commerce (PKCG), Pavle D. Radovanović, and the President of the Chamber of Commerce of the Kyrgyz Republic, Sariev Temir Argembaevich, signed a Memorandum of Understanding between the two business associations.
The meeting was attended by the Honorary Consul of Montenegro in the Kyrgyz Republic, businessman Beknazar Asanov, and the Director of the Sector for International Cooperation of the Chamber of Commerce and Industry of Montenegro, Dušan Radonjić.
"The interlocutors assessed that the excellent political relations between Montenegro and the Kyrgyz Republic should be accompanied by stronger economic cooperation, to which the chambers of the two countries can significantly contribute in terms of connecting companies and promoting economic potential," the statement said.
Radovanović said that there are many topics for discussion and joint action with the aim of improving economic cooperation between Montenegro and the Kyrgyz Republic, which is not at a satisfactory level.
"It is clear that this process should be led by the chambers of commerce of our two countries," said Radovanović.
According to Argembaevich, the Kyrgyz Republic is one of the fastest growing economies in Central Asia, with a very favorable fiscal environment and developed infrastructure, which makes this country a very attractive investment destination.
"We are primarily interested in cooperation with Montenegro in the field of tourism, which is very developed in your country. We think there is an opportunity to train people from the Kyrgyz Republic in Montenegro to work in this sector, and also to employ them as economic migrants," said Argembaevich.
He invited representatives of the CPCG to visit the Kyrgyz Republic in September and attend the World Nomad Games, one of the main sporting attractions in the area.
Asanov, whose company is among the largest exporters from the Kyrgyz Republic to the EU, recalled the recent opening of the Consulate of Montenegro in Bishkek, and emphasized that during his term of office he will focus on strengthening economic ties between the two countries.
"Several large entrepreneurs from the Kyrgyz Republic are interested in investing in Montenegro, and a few days ago a very serious businessman came here who wants to build a hotel. So, we have successful first steps leading to stronger economic cooperation," said Asanov.
The Chamber of Commerce and Industry of Montenegro and the Kyrgyz Republic will strive to encourage and facilitate activities that lead to the development of economic cooperation and the promotion of trade between companies of the two countries.
In this regard, they will encourage and strive to facilitate the conclusion of agreements and contracts on trade and economic cooperation between interested and authorized companies.
They will also strive to regularly exchange available information related to foreign trade, production and export capabilities of companies, investments and market trends, and economic and trade legislation.
The chambers will encourage and support the exchange of trade delegations in both countries, provide the necessary conditions for the development of trade relations and organize meetings for representatives of the countries, the signed document states, among other things.
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