Agriculture Economic Sector in Montenegro
Macroeconomic Data
source: http://www.mipa.co.me
SWOT Analysis: Strengths
- Favorable and various agro - climate conditions
- Preservation of land, water, and air
- Big idle area of arable agricultural land
- 0.80 hectare agricultural and 0.29 hectare arable land per capita
- Existence of a many of Montenegrin products with export potential
- Market existence – local and tourist request
- Stable currency
- Favorable law frame foreign capital arrival
- Availability of the Work force
- Traditional pursuit with agriculture
SWOT Analysis: Weaknesses
- Technological standstill
- Low level of domestic accumulation
- Small sizes of agricultural husbandries
- Poor infrastructure
- Insufficient manufacturing capacities and finalization of product
- Long standing shut from international market
- Insufficient professional education of agricultural manufacturers
- Understanding agriculture as add-in activity
- Complicated approach to credit capital
- Non-entity of competent council office
- Undefined marketing strategy
SWOT Analysis: Opportunities
- Initiating cooperative relations to exceed the problems of the informational unbalance
- Joining together agriculture and tourism
- Standardization with WTO and EU
- Initiating production specialization of some authentic products
- Concept of Montenegro as an ecological state and producer of genetically unmodified foods
- Attract foreign investments in agricultural sector
SWOT Analysis: Threats
- Competition of highly subvention foreign products
- PDV concept that seriously loads product liquidity
Sector Objectives
- Reduce state role in agriculture, lowering common transaction costs
- Intensify the usage of international standards in agricultural activity
- Liberalize export / import industry
- Develop and recuperate cooperative relations through the Agricultural Producers Association
- Intensify the promotion of agricultural products in Montenegro
- Improve accessibility of statistical data about agricultural production
- Defining status of agricultural producers and their professionalism
2000-2005, Montenegro adopted legislation regulating agriculture:
- Law on Olive Production
- Law on Marine Fishing
- Law on Veterinary
- Law on Organic Agriculture
- Law on Tobacco
- Law on Wine, Brandy and Other Alcoholic Beverages
