The resolution emphasizes the importance of Alabama's international exports as a key driver of the state's economy and highlights the strategic significance of the Port of Bar in Montenegro as a gateway to the Balkan peninsula. It advocates for enhancing the trade relationship between Alabama and the Port of Bar, suggesting that such collaboration would not only facilitate the exchange of goods and ideas but also support the port's transition towards privatization. The resolution posits that increased cooperation could improve the port's appeal to U.S. investors, aligning with U.S. diplomatic and economic interests.
To formalize this partnership, the resolution proposes the establishment of a Memorandum of Understanding (MOU) between Alabama and the Port of Bar. This MOU would encompass various areas of cooperation, including infrastructure development, marketing strategies, and cargo operations. Additionally, it aims to create working groups for security information exchange, foster technical and financial incentives for trade, and promote best practices for economic development and multi-modal operations. Overall, the resolution seeks to stimulate investment and trade opportunities between Alabama and the Port of Bar, benefiting both parties involved.