First U.S. Trade Mission to Montenegro a Success

On November 3-4, 2022, the U.S. Embassy, together with the U.S. Department of Commerce, hosted an Information Communication Technologies (ICT) and Clean Technology Trade Mission to Montenegro.  The Mission was led by the U.S. Department of Commerce’s Deputy Assistant Secretary for Europe and Eurasia David De Falco.


The ICT and Clean Technology Trade Mission was the first U.S. government trade mission to the region in over 20 years and the first one to Montenegro.  The Mission focused on two strategically important sectors for Montenegro, ICT and Clean Technologies, and the delegation was made up of representatives from 21 U.S. companies.

The U.S. companies met with senior Montenegrin officials, including the President, Prime Minister, Deputy Prime Minister and Minister of Capital Investment, Minister of Economic Development, Minister of Public Administration, and Minister of Finance.  The delegates also met with key public and private sector companies as well as representatives from the Montenegrin Chamber of Economy and the American Chamber of Commerce in Montenegro (AmCham).  Moreover, the Embassy, in cooperation with the Montenegrin Chamber of Economy and AmCham, organized business-to-business meetings between the U.S. Trade Mission delegates and Montenegrin companies to identify commercial opportunities in Montenegro and the wider region.   Ambassador Judy Rising Reinke also participated.


After the conclusion of the Trade Mission on Friday evening, U.S. firm UGT Renewables, headquartered in Miami, Florida, signed an agreement with Montenegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG) for the joint development of projects for the production of electricity from renewable sources as well as for energy storage. The U.S. Embassy’s is invested in helping to create a broadly prosperous and economically resilient Montenegro that creates opportunities for American companies. This Trade Mission, a direct result of the U.S.-Montenegro Economic Dialogue launched in September 2021, is a key step in further developing bilateral trade and economic cooperation between the two countries.