The U.S. established diplomatic relations with Montenegro in 1905 following its 1878 independence from the Ottoman Empire. After World War I, Montenegro was subsumed into the Kingdom of Serbs, Croats, and Slovenes, and U.S.-Montenegro diplomatic relations ended in 1920. The U.S. reestablished diplomatic relations with Montenegro in 2006 following the dissolution of the state union of Serbia and Montenegro.
U.S. Assistance to Montenegro
U.S. Government assistance to Montenegro aims to help the country advance toward Euro-Atlantic integration, increase its ability to fight organized crime and corruption, strengthen its civil society and democratic structures, and provide stability in the Balkans.
Bilateral Economic Relations
A number of U.S. companies are operating in Montenegro, and the Government of Montenegro has put an emphasis on attracting more U.S. investment. The Montenegrin Government counts the following as incentives for U.S. investors to do business in Montenegro: a business-oriented economic system, a high level of economic freedom, a stable currency (Euro), macroeconomic predictability, and openness to incentivized tax structures. Montenegro has been designated as a beneficiary developing country under the Generalized System of Preferences program, which provides duty-free access to the U.S. market in various eligible categories.