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Montenegro Initials Accord on Future EU Membership

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Montenegro has taken its first step toward European Union entry, as EU and Montenegrin officials initialed a stabilization agreement.

EU Enlargement Commissioner Olli Rehn and Montenegrin Prime Minister Zeljko Sturanovic initialed the agreement Thursday in Podgorica, less than a year after the tiny Balkan nation gained independence from Serbia. The accord binds Montenegro to respect EU principles.

A formal signing is expected in the coming months, after all 27 EU member-nations and the European Commission approve the accord.

Thursday's ceremony comes just 10 months after Montenegrin voters approved a historic independence referendum.

Montenegro is the third country of the former Yugoslav federation to reach a stabilization agreement with the trade bloc. Croatia and Macedonia signed on in 2001.

Some information for this report was provided by AFP and Reuters.

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