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Towards Regional Energy Co-operation in the Asia—Pacific

Towards Regional Energy Co-operation in the... I. INTRODUCTION In today's volatile world, the issue of energy security is increasingly proving to be of great concern for both developed and developing countries. An individual State is quite unable to face such a challenge on its own, which is why States should act concertedly in the present interdependent world to respond to their common problems. Co-operation between States on energy matters appears to be of great significance in the context of energy insecurity. Efforts have been going on in recent years at both regional and intra-regional levels. The Energy Charter Treaty (ECT) 1994, although it began as the European Energy Charter, a regional effort, has established a legal regime for such energy co- operation between States at the intra-regional level. The ECT as a sectoral treaty-the first of its kind-has added a new dimension to international economic law by regulating in the same document both the liberalization of foreign investment and international trade in energy. As of September 2002, the ECT comprises fifty-one European and non-European Member States which have now signed or acceded to the Treaty. The countries include Western and Central Europe, Russia and the Commonwealth of Independent States (Cis) countries, Japan, Mongolia and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

Towards Regional Energy Co-operation in the Asia—Pacific

Journal of World Investment and Trade , Volume 3 (6): 62 – Jan 1, 2002

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190002X00373
Publisher site
See Article on Publisher Site

Abstract

I. INTRODUCTION In today's volatile world, the issue of energy security is increasingly proving to be of great concern for both developed and developing countries. An individual State is quite unable to face such a challenge on its own, which is why States should act concertedly in the present interdependent world to respond to their common problems. Co-operation between States on energy matters appears to be of great significance in the context of energy insecurity. Efforts have been going on in recent years at both regional and intra-regional levels. The Energy Charter Treaty (ECT) 1994, although it began as the European Energy Charter, a regional effort, has established a legal regime for such energy co- operation between States at the intra-regional level. The ECT as a sectoral treaty-the first of its kind-has added a new dimension to international economic law by regulating in the same document both the liberalization of foreign investment and international trade in energy. As of September 2002, the ECT comprises fifty-one European and non-European Member States which have now signed or acceded to the Treaty. The countries include Western and Central Europe, Russia and the Commonwealth of Independent States (Cis) countries, Japan, Mongolia and

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2002

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