WT/ACC/CGR/3/Add.1

229 Pages·2005·0.87 MB·English

W T RESTRICTED
ORLD RADE
WT/ACC/CGR/3/Add.1
8 March 2005
O
RGANIZATION
(05-0972)
Working Party on the Original: English
Accession of Montenegro

ACCESSION OF MONTENEGRO

Memorandum on the Foreign Trade Regime

Addendum

The following submission is being circulated at the request of the Delegation of the Republic
of Montenegro.

_______________

WT/ACC/CGR/3/Add.1
Page i

TABLE OF CONTENTS

ANNEX 1................................................................................................................................................1
ANNEX 2..............................................................................................................................................19
ANNEX 3..............................................................................................................................................24
ANNEX 4..............................................................................................................................................27
ANNEX 5..............................................................................................................................................35
ANNEX 6..............................................................................................................................................47
ANNEX 7..............................................................................................................................................48
ANNEX 8..............................................................................................................................................81
ANNEX 9............................................................................................................................................120
ANNEX 10..........................................................................................................................................165
ANNEX 11..........................................................................................................................................174
ANNEX 12..........................................................................................................................................220

WT/ACC/CGR/3/Add.1
Page 1

ANNEX 1
Statistics and Publications
1. Foreign Trade Statistics for Goods and Services: Responsible Agencies
The key government agency responsible for foreign trade statistics for goods and services is
the Republic Bureau of Statistics. Information regarding trade in goods may also be obtained
from the Republic Customs Administration. In addition, information regarding trade in
services may be obtained from the Ministry for International Economic Relations and
European Integrations.
The Central Bank of Montenegro produces macroeconomic and fiscal indicators as well as
balance of payment data.
2. Publications Related to Statistics
The Republic Bureau of Statistics publishes publications related to statistics. These include:
- Statistical Yearbook;
- Statistical Month book; and
- Press conference –15th of every month.
In addition, the Central Bank of Montenegro produces an annual Bulletin and Economic
Review.
3. Statistical Data
Main Economic Indicators
Table A1.1 – GDP (€ Million), 2001-2003 Table A1.2– GDP Per Capita (€), 2001-2003
2001 2002 2003 2001 2002 2003
1,245 1,250 1,375 1,213 1,981 2,231

Table A1.3 - Consumer price index (price in DM until December 2001 and € from January 2002)
Goods less
Food, tobacco
Annual change food, tobacco Services annual
2000=100 and beverages
in % and beverages changes
annual changes
annual changes
2000 100.0 36.1 10.9 23.2 12.2
2001 120.2 21.8 18.9 22.8 42.0
2002 142.0 16.8 15.7 18.7 19.5
2003 151.6 6.8 3.9 9.3 7.3
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Table A1.4 - Indicators on the Montenegrin labour market (2000-2004)
Number of Number of Short term Long term
Unemployment
persons person unemployment unemployment
rate
employed unemployed rate rate
2000 181,762 54,949 23.2 7.1 16.1
2001 175,242 57,536 24.7 6.3 18.4
2002 177,617 57,688 24.5 5.0 19.6
2003 168,471 62,105 26.9 4.7 22.2
2004 170,156 61,484 26.5 4.2 22.3

Table A1.5 - Employment by sectors (per cent of total)
Agriculture Industry Services Public services Other services
2001 3.3 36.6 28.4 27.8 4.0
2002 3.1 35.9 28.2 28.5 4.2
2003 2.8 34.6 28.5 29.0 5.0
1/6/2004 2.6 32.7 30.0 29.0 5.6

Table A1.6 - Annual change in the number of employed persons (in per cent)
Agriculture Industry Services Public services Other services
2002 -5.2 -2.1 -1.0 2.3 5.9
2003 -11.6 -5.3 -0.4 0.0 16.9
1/6/2004 -9.1 -9.2 2.9 -3.2 8.9
Table A1.7 - Balance of Payments (thousands US$)

Change in 2004 (%)
2002 2003 Jan-June 2003 Jan-June 2004 compared to the same
period of 2003
GOODS
Total Exports 305,065 304,884 141,820 235,401 66
Export of goods excluding aluminium and trade with 51,075 77,780 28,923 54,390 88
Serbia and Kosovo
Export of aluminium 157,641 121,672 65,878 111,901 70
Export to Serbia and Kosovo 96,349 105,432 47,019 69,110 47
Total Imports 706,655 713,440 308,773 449,850 46
Import of goods excluding electricity and trade with 390,600 358,097 165,876 271,680 64
Serbia and Kosovo
Import of oil and gas 100,259 56,686 20,125 28,353 41
Import of electricity 46,159 52,920 24,006 25,617 7
Import from Serbia and Kosovo 169,637 245,737 98,766 124,200 26
Goods trade balance -401,590 -408,556 -166,953 -214,449 28
SERVICES
Total Transportation Revenues 30,297 39,753 16,004 25,084 57
Total Transportation Expenditures 20,830 29,485 12,228 16,204 33
Transportation services balance 9,467 10,268 3,776 8,880 135
Total Revenues from Tourism 117,474 154,161 29,735 36,312 22
Total Expenditures to Tourism 7,573 11,496 4,833 3,878 -20
Tourism balance 109,901 142,665 24,902 32,434 30
Revenues from Financial Services 2,540 3,21 1,555 1,782 15
Expenditures to Financial Services 3,151 7,623 4,112 3,636 -12
Financial services balance -611 -4,404 -2,557 -1,854 -27
Revenues from other Services 12,061 20,002 6,911 12,377 79
Expenditures to other Services 37,003 41,947 17,550 33,684 92
Balance of other services -24,942 -21,945 -10,639 -21,307 100
W
Revenues from services 162,372 217,135 54,205 75,555 39
T
Expenditures to services 68,557 90,551 38,723 57,402 48 /
A
Balance of services 93,815 126,584 15,482 18,153 17 C
C
Total balance of goods and services -307,775 -281,972 -151,471 -196,296 30 /
C
Income G
R
Income revenues 95,225 141,738 67,267 80,325 19
/
3
Income expenditures 24,283 28,913 14,095 32,813 133 P/A
a
gd
e 3d.1
Change in 2004 (%)
2002 2003 Jan-June 2003 Jan-June 2004 compared to the same
period of 2003 PW
a
Balance of income 70,942 112,825 53,173 47,512 -11 gT
e/
Current transfers 4 AC
Revenues 91,973 65,511 9,904 19,491 97 C
/
C
Transfers to Montenegro from abroad 5,189 3,657 1,046 5,331 410
G
Foreign assistance 39,784 27,663 8,858 14,160 60 R
/
47,000 34,191 3
/
A
Expenditures 9,655 10,397 4,452 6,249 40 d
d
Transfers from Montenegro to abroad 9,655 10,397 4,452 6,249 40 .1
Balance of current transfers 82,318 55,114 5,452 13,242 143
Total revenues 654,635 729,268 273,654 411,065 50
Total expenses 809,150 843,301 366,043 546,314 49
Total balance of current account -154,515 -114,033 -92,389 -135,249 46
Capital and Financial Account
Capital account
Financial account 67,933 119,852 65,472 140,219 114
Direct investment 84,329 44,913 8,022 37,521 368
Portfolio investment-net -201 1,133 189 917 385
Other investments 16,424 41,321 15,868 46,736 195
Net errors and omissions -86,582 5,819 -26,918 4,970 -118
WT/ACC/CGR/3/Add.1
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Table A.1 - Consolidated Government Budget, 2001-2003 (mill €)
2001 2002 2003
A Total revenue and grants (1+2) 233,140 256,804 350,103
1 Total revenue (1.a+1.b) 221,220 229,847 337,519
1.a Current revenue(1.a.1+1.a.2) 221,220 229,847 337,519
1.a.1 Tax revenue (1.a.1.1+1.a.1.2+1.a.1.3+1.a.1.4+1.a.1.5) 187,999 208,931 312,918
1.a.1.1 Personal income 56,654 57,889 63,961
1.a.1.2 Turnover (retail sales)tax 58,488 56,528 137,222
1.a.1.3 Excises 35,664 50,786 58,197
1.a.1.4 Taxes on international trade and transaction 27,274 26,376 36,845
Custom tariffs 13,894 12,605 35,078
Custom transit fees 13,380 13,771 1,776
1.a.1.5 Other taxes 9,920 17,342 16,694
1.a.2 Non-tax revenues 33,221 20,916 24,601
1.b Capital revenue
2 Grants 11,920 26,958 12,584
B Total expenditure and net lending (1+2) 259,309 266,771 381,090
1 Total expenditure (1.a+1.b) 252,585 247,517 358,924
1.a Current expenditure 233,287 236,697 345,235
1.a.1 Interest 0,622 12,880 14,136
1.a.2 Non-interest 232,665 223,818 331,099
(1.a.2.1+1.a.2.2+1.a.2.3+1.a.2.4+1.a.2.5+1.a.2.6)
1.a.2.1 Wages and salaries 108,464 110,178 134,262
1.a.2.2 Goods and services 55,351 41,817 37,858
1.a.2.3 Social insurance and social security transfers 45,327 35,825 132,795
1.a.2.4 Subsidies to enterprises 12,249 18,169 14,631
1.a.2.5 Reserve 6,461 14,819 8,388
1.a.2.6 Other non-interest expenditure 4,813 3,010 3,165
1.b Capital expenditure 19,298 10,820 13,688
2 Net lending 6,723 19,254 22,167
Lending 13,974 19,490 22,590
Repayment 7,250 0,236 0,423
Overall budget balance excluding grants (cash) -38,089 -36,925 -43,571
Overall budget balance (cash) -26,169 -9,967 -30,987
C Financing (1+2) 26,129 38,254 18,395
1 Domestic and foreign financing 17,007 0,568 6,234
Borrowing 76,436 40,445 48,246
Repayment 59,430 39,877 42,012
2 Privatization receipts 9,122 37,686 12,161

Table A1.8 – Average Annual Exchange Rates, 2001-2003
Average US$ GBP AUD CAD
2001 0.89 0.62 1.73 1.38
2002 0.94 0.62 1.73 1.48
2003 1.13 0.69 1.73 1.58
WT/ACC/CGR/3/Add.1
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Table A1.9 – Exchange Rate, 2001-2004
Year Period € US$
2001 Average 1.1166 0.8956
2002 Average 1.0575 0.9456
2003 Month I 0.9416 1.0622
II 0.9272 1.0784
III 0.9263 1.0797
IV 0.9207 1.0862
V 0.8656 1.1555
VI 0.8566 1.1674
VII 0.8799 1.1365
VIII 0.8966 1.1155
IX 0.8879 1.1267
X 0.8541 1.1707
XI 0.8549 1.1698
XII 0.8133 1.2297
2003 Average 0.8853 1.1315
2004 Month I 0.7929 1.2613
II 0.7907 1.2646
III 0.8155 1.2262
IV 0.8343 1.1985
V 0.8328 1.2007
VI 0.8238 1.2138
VII 0.8152 1.2266
VIII 0.8212 1.2176
IX 0.8184 1.2218
X 0.8007 1.2490
XI 0.7698 1.2991
2004 Average 0.8104 1.2344

- Foreign trade statistics

Table A1.10 – Foreign Trade, 2004
Exports Imports % Of Total % Of Total
HS Chapter Description
(1,000 €) (1,000 €) Exports Imports
01 Live animals 90,372 1,906,755 0.0 0.2
02 Meat and edible meat offal 1,142,012 18,353,256 0.4 2.4
03 Fish and crustaceans, molluscs and other 568,752 2,052,498 0.2 0.3
aquatic invertebrates
04 Dairy produce; birds' eggs; natural 37,090 19,165,766 0.0 2.5
honey; edible products of animal origin,
not elsewhere specified or included
05 Products of animal origin, not elsewhere 20,991 283,123 0.0 0.0
specified or included
06 Live trees and other plants; bulbs, roots 17,387 625,815 0.0 0.1
and the like; cut flowers and ornamental
foliage
07 Edible vegetables and certain roots and 978,916 2,065,471 0.3 0.3
tubers
08 Edible fruit and nuts; peel of citrus fruit 1,227,914 4,176,615 0.4 0.5
or melons