China–Montenegro Relations
   HOME

TheInfoList



Click Here for Items Related To - China–Montenegro Relations
OR:
China–Montenegro Relations on:   [Wikipedia]   [Google]   [Amazon]

China–Montenegro relations are foreign relations between the
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
and
Montenegro , image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Mont ...
.
People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
has officially recognized
Montenegro , image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Mont ...
on June 14, 2006. Diplomatic relations between the two countries were established on July 7, 2006. China transformed its consulate into an embassy in
Podgorica Podgorica ( cnr-Cyrl, Подгорица; ) is the Capital city, capital and List of cities and towns in Montenegro, largest city of Montenegro. The city is just north of Lake Skadar and close to coastal destinations on the Adriatic Sea. Histor ...
on July 7, 2006. The Montenegrin embassy in China opened in
Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...
on November 13, 2007.http://www.mvpei.gov.me/rubrike/bilateralni-odnosi/bilateralni-odnosi/kina Ministry of Foreign Relations of Montenegro (in Montenegrin only)


Economic relations

In 2012, total trade between the two countries amounted 134,406,987 euros, of which imports from Montenegro were 130,605,327 euros, and exports to China were 3,801,660 euros. Direct investment from China to Montenegro amounted to 440,000 euros. China has several projects of investments in the field of construction of highways, power plants and other infrastructures.http://www.fmprc.gov.cn/mfa_eng/wjb_663304/zzjg_663340/xos_664404/gjlb_664408/Montenegro_664680/ Ministry of Foreign Affairs of China In 2018, it was reported that a Chinese loan for the first phase of a highway designed to link the
Port of Bar The Port of Bar ( Montenegrin: ''Luka Bar'', ''Лука Бар'', MNSELUBA) is Montenegro's main sea port. It is located in Bar. The EU believes that the Port of Bar is one of the essential elements of transport, and therefore the economy of Mo ...
on Montenegro's Adriatic coast to landlocked neighbor
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
sent Montenegro's debt soaring and forced the government to raise taxes, partially freeze public sector wages and end a benefit for mothers. Despite those measures, Montenegro's debt was expected to approach 80 percent of
gross domestic product Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performanc ...
(GDP) in 2018 and the
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
said the country could not afford to take on any more debt. As of 2021, China holds a quarter of Montenegro's debt. In 2021, it was reported that the first 41 km section of the Bar-Boljare motorway cost €20m per km, making it one of the most expensive highways per km in the world. If Montenegro were to default, the terms of the contract give China the right to access Montenegrin land as collateral.


See also

*
Foreign relations of China China, officially the People's Republic of China (PRC), has full diplomatic relations with 180 out of the other 192 United Nations member states, Cook Islands, Niue and the State of Palestine. , China has had the most diplomatic missions of ...
*
Foreign relations of Montenegro In a 2006 Montenegrin independence referendum, referendum on 21 May 2006, the people of Montenegro opted to leave the State Union of Serbia and Montenegro. This result was confirmed with a declaration of independence by the parliament of Monteneg ...
*
China–Yugoslavia relations China–Yugoslavia relations were historical foreign relations between China and now split-up Socialist Federal Republic of Yugoslavia. For a long period during the Cold War China was critical towards perceived excessive liberalism, too close coo ...


References


External links


China Ministry of Foreign Affairs about relations with Montenegro
* {{DEFAULTSORT:China-Montenegro relations
Montenegro , image_flag = Flag of Montenegro.svg , image_coat = Coat of arms of Montenegro.svg , coa_size = 80 , national_motto = , national_anthem = () , image_map = Europe-Mont ...
Bilateral relations of Montenegro