The resolution promotes an enhanced trade relationship between the State of Alabama and the Port of Bar in Montenegro, recognizing the strategic importance of the port as a gateway to the Balkan peninsula. It highlights the potential economic benefits of increasing trade, which would not only facilitate the exchange of goods and ideas but also support the Port of Bar's transition from public to privatized operations. The resolution emphasizes that such cooperation could improve the port's attractiveness to U.S. investors, aligning with U.S. diplomatic and economic interests.
To formalize this collaboration, the resolution suggests establishing a Memorandum of Understanding (MOU) that would encompass various areas of cooperation, including infrastructure development, marketing, and cargo operations. It also proposes the creation of working groups to enhance security and safety in international shipping, as well as opportunities for technical and financial incentives to boost trade. Overall, the resolution aims to foster mutual benefits and best practices for economic development between Alabama and the Port of Bar.