Article 9 (1)

The Contracting Parties acknowledge the importance of open capital markets in encouraging the flow of capital to finance trade in Energy Materials and Products and for the making of and assisting with regard to Investments in Economic Activity in the Energy Sector in the Areas of other Contracting Parties, particularly those with economies in transition. Each Contracting Party shall accordingly endeavour to promote conditions for access to its capital market by companies and nationals of other Contracting Parties, for the purpose of financing trade in Energy Materials and Products and for the purpose of Investment in Economic Activity in the Energy Sector in the Areas of those other Contracting Parties, on a basis no less favourable than that which it accords in like circumstances to its own companies and nationals or companies and nationals of any other Contracting Party or any third state, whichever is the most favourable.

 

 

 

  • BA 6 (21/01/92): Article 3.7 – Principles and Article 13.1 – Access to Capital
  • BA 12 (09/04/92): Article 13.1 – Access to Capital
  • BA 13 (19/06/92): Article 13 – Access to Capital
  • From BA-14 (24/06/92) to BA-37 (01/03/93): Article 13.1– Access to Capital
  • From (Compromise text) ECT 1 [CONF 50] (15/03/93) to ECT 3 [CONF 60] (01/06/93): Article 10.1 – Access to Capital
  • ECT 4 [CONF 64] (07/07/93): Article 10.1 and 10.2 – Access to Capital
  • From ECT 5 [CONF 72] (11/10/93) to Interim text (25/06/94): Article 10.1 – Access to Capital
  • From CONF 104 (Text for adoption) (14/09/94) to ECT as adopted (17/12/94): Article 9.1 – Access to Capital