ࡱ> hjg bjbj̵ uצצ+j j -----AAAA8y A!vW W W o!q!q!q!q!q!q!B#%.q!-W 5 5 "W [ q!!--!!!!_ X--o!!W o!!!--!д+H^A X!+!D!0!!'!'!!-!W W W j :    Session 40: International Governance of Energy Trade: ϲʹ and Energy Charter Treaty (ECT) Organised by: Energy Charter Secretariat Date: Wednesday, 21 September, 14:15 - 16:15 Meeting Room: D Abstract The distinctive features of energy raise the question of whether energy trade and investment can be effectively regulated by a general international legal framework or whether a more specialized framework is needed. The regulation of cross-border energy trade has to take into account the differences between energy and other internationally traded commodities. The effectiveness of an energy-specific international agreement would depend on the extent to which it could attract different types of stakeholders along the energy supply chain. However, despite clear interdependence, the interests of consuming and producing countries differ significantly and this makes negotiations of international binding rules covering energy very difficult. To a large extent, energy relations, including trade and investment in the sector, have been subject to bilateral treaties. However, in order to create predictability in the sector, enforceable multilateral rules are increasingly important. A multilateral legal framework can best ensure the predictability and transparency required in conditions of increasing reliance on internationally traded energy and the need for adequate investment. The aim of the session is to discuss effective ways, from the regulatory perspective, to address challenges related to energy trade. The session will focus on the international regulation of energy trade by the rules of the ϲʹ Agreements and the Energy Charter Treaty (ECT). The session will provide an opportunity to discuss complementarities that exist between the general ϲʹ framework and the more specialized framework contained within the ECT, given that the ECT is based on the ϲʹ framework but contains some additional rules relevant to the energy sector, most notably investment rules and energy-specific transit rules.      SHAPE \* MERGEFORMAT   % , : ; > ? 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