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What is Energy Charter?
The Energy Charter Treaty (ECT) is the world’s most important treaty for the protection of cross-border investments in the energy industry. The treaty covers all aspects of commercial energy activities including trade, transit, investments and energy efficiency. The treaty is legally binding and provides its Contracting Parties with dispute resolution instruments, including arbitrations.
Initially, the Energy Charter process aimed to integrate the energy sectors of the Soviet Union and Eastern Europe at the end of the Cold War into the broader European and world markets. The original European Energy Charter declaration was signed in The Hague in December 1991. The Energy Charter Treaty went beyond the...
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