Thorny issues impede progress toward final Transit Protocol

The last session of the Energy Charter Conference in December 2002 marked progress towards completing negotiations, in their third year, among 51 European and Asian nations trying to hammer out a legally binding Transit Protocol to the Energy Charter Treaty (ECT).All delegations to that round of the talks decided that the draft Transit Protocol had been agreed upon to an extent requiring no further negotiating, except for the following three related issues:The right of first refusal.The clause on a Regional Economic Integration Organization (REIO).The transit tariff-setting procedures. Remaining snagsThe purpose of the Transit Protocol is to provide a clear-cut set of multilateral interna...

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