The energy charter treaty ect is an international agreement which establishes a multilateral framework for cross border cooperation in the energy industrythe treaty covers all aspects of commercial energy activities including trade transit investments and energy efficiencythe treaty is legally binding and includes dispute resolution procedures. The energy charter treaty and energy security osce conference strengthening regional cooperation in central asia for non discriminatory conditions for energy trade based on wto rules ensuring reliable cross border energy transit. For instance trade in clean energy equipment and services is governed by the world trade organization wto cross border energy investment activity is governed by numerous bilateral investment treaties as well as by the energy charter treaty ect while broader emissions related domestic policies and targets that condition. The italian government has recently declared its withdrawal from the energy charter treaty ect the ect is a multilateral treaty between 53 countries across the world it aims at establishing a legal framework to promote cross border cooperation and investment in the energy sector. The energy charter treaty ect is a unique international instrument for the promotion of cross border energy cooperation it was opened for signature on december 17 1994 and entered into force on april 16 1998
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