Energy Charter Treaty

44 (13) (a) “Energy Charter Protocol” or “Protocol” means a treaty, the negotiation of which is authorised and the text of which is adopted by the Charter Conference, which is entered into by two or more Contracting Parties in order to complement, supplement, extend or amplify the provisions of this Treaty with respect to any specific sector or category of activity within the scope of this Treaty, or to areas of cooperation pursuant to Title III of the Charter. (b) “Energy Charter Declaration” or “Declaration” means a non- binding instrument, the negotiation of which is authorised and the text of which is approved by the Charter Conference, which is entered into by two or more Contracting Parties to complement or supplement the provisions of this Treaty. (14) “Freely Convertible Currency” means a currency which is widely traded in international foreign exchange markets and widely used in international transactions. Article 2: Purpose of the Treaty This Treaty establishes a legal framework in order to promote long-term cooperation in the energy field, based on complementarities and mutual benefits, in accordance with the objectives and principles of the Charter. Part II: Commerce Article 3: International Markets The Contracting Parties shall work to promote access to international markets on commercial terms, and generally to develop an open and competitive market, for Energy Materials and Products and Energy-Related Equipment. 25 Article 4: Non-Derogation fromWTO Agreement 26 Nothing in this Treaty shall derogate, as between particular Contracting Parties which are members of the WTO, 27 from the provisions of the WTO Agreement 28 as they are applied between those Contracting Parties. 25 Modification based on Art. 2 of the Amendment to the Trade-Related Provisions of the Energy Charter Treaty. 26 Id. 27 Id. 28 Id.