The negotiation is based on an agreed list of topics for modernisation of the ECT. In this round the Contracting Parties of the ECT discussed the definitions of ‘Charter’, ‘Economic activity in the energy sector’, ‘Investment’, ‘Investor’ and ‘Indirect Expropriation’ as well as the provisions on Compensation for Losses, Fair and Equitable Treatment, Denial of benefits, Most Favoured Nation clause, Right to Regulate, Transfers and finally, the so-called Umbrella clause.
The second round of negotiations will take place by videoconference from 8 to 11 September and is planned to address Dispute Settlement, Transit, as well as Trade and Sustainable Development (incl. Corporate Social Responsibility).
- Publication date
- 10 July 2020
- Directorate-General for Trade
- Trade topics