EU and Montenegro strike trade deal over cosmetics
EU soap and cosmetics manufacturers will be able to export their products to Europe's newest country duty-free by 2012 under a trade agreement negotiated by the European Commission with Montenegro. As part of the long-term plan to admit this Balkan country into the EU, the Montenegrin government has agreed to open various markets to imports from member states.
EU soap and cosmetics manufacturers will be able to export their products to Europe's newest country duty-free by 2012 under a trade agreement negotiated by the European Commission with Montenegro. As part of the long-term plan to admit this Balkan country into the EU, the Montenegrin government has agreed to open various markets to imports from member states.
Assuming this trade agreement is approved by EU ministers, duties for some soap and cosmetic products would be cut by 70% in the first year of its operation and then be steadily reduced to zero within five years. Products covered would include skin care and make-up products, including sun care products and manicure or pedicure lotions. The deal would also cover shampoo and conditioner and it would remove Montenegrin duties for soap, including toilet, medicated and organic soaps, in bars, liquids, cream or impregnated in other materials, such as paper and felt.