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The Secretary General’s Statement at the UNCTAD High-Level International Investment Agreements Conference 2021

On 19 October 2021, the Secretary General Dr. Urban Rusnák took part in the High-Level International Investment Agreements Conference 2021 which focused on the international investment treaty-making in the new era of global economy. 

Dr. Rusnák provided a brief overview about state of play of the negotiations on the modernisation of the Energy Charter Treaty (ECT) after seven round of negotiations. He reminded that modernisation of the ECT was a comprehensive exercise, considering that the topics under discussion are broad, varying from purely energy-related issues, such as transit, to investment protection standards, sustainable development and obsolete provisions.

The Secretary General noted that most topics are currently discussed based on the draft compromise proposals that the Energy Charter Secretariat, as a neutral body, was entrusted with drafting. Dr. Rusnák reminded the modernisation of the Treaty is a members-driven process, so the political desire of Contracting Parties warrants its success. Therefore, to bring the Modernisation process to its successful completion, the Contracting Parties should keep negotiating based on goodwill, with the understanding that nothing is agreed until everything is agreed.