Energy Charter Treaty

56 UNDERSTANDING With respect to Articles 10(4) and 29(6) Contracting Parties may consider any connection between the provisions of Article 10(4) and Article 29(6).] 43 [DECLARATION With respect to Article 1(6) The Russian Federation wishes to have reconsidered, in negotiations with regard to the supplementary treaty referred to in Article 10(4), the question of the importance of national legislation with respect to the issue of control as expressed in the Understanding to Article 1(6).] 44 [CHAIRMAN’S STATEMENT In addition, the Russian Federation has expressed the view that the consideration of appropriate amendments to the Treaty pursuant to Article 30 affecting sectors of services within the scope of this Treaty to which measures of the GATS apply, and the negotiations towards the supplementary investment treaty provided for in Article 10(4), should be conducted in such a manner as to assure mutual consistency of the Treaty provisions arrived at. Here again, I am sure that all delegations would fully endorse the need to achieve such consistency in the future incorporation in the Treaty of the results of the Uruguay Round, and in negotiation of the second Treaty for the pre-investment stage.] 45 (5) Each Contracting Party shall, as regards the Making of Investments in its Area, endeavour to: (a) limit to the minimum the exceptions to the Treatment described in paragraph (3); (b) progressively remove existing restrictions affecting Investors of other Contracting Parties. (6) (a) A Contracting Party may, as regards the Making of Investments in its Area, at any time declare voluntarily to the Charter Conference, through the Secretariat, its intention not to introduce new exceptions to the Treatment described in paragraph (3). (b) A Contracting Party may, furthermore, at any time make a voluntary commitment to accord to Investors of other Contracting Parties, as regards the Making of Investments in some or all Economic Activities in the Energy Sector in its Area, the Treatment described in paragraph (3). Such commitments shall be notified to the Secretariat and listed in Annex VC and shall be binding under this Treaty. 43 Final Act of the European Energy Charter Conference, Understanding 10 and 11. 44 Id, Declaration 1. 45 Chairman’s Statement at Adoption Session on 17 December 1994.