Energy Charter Treaty, established in April 1998, is facing a major shift as the UK announces its departure.
About Energy Charter Treaty:
- The treaty offers a distinctive international law framework for collaborative energy efforts.
- It became legally effective in April 1998.
- Headquarters: Brussels, Belgium
- Members: 53 Signatories and Contracting Parties to the Treaty.
- It aims to enhance energy security by fostering open and competitive energy markets, with adherence to sustainable development principles and respect for sovereignty over energy resources.
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