| Energy Community South East Europe Treaty |
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Information AboutEnergy Community South East Europe Treaty |
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The treaty, which effectively sets up a European Energy Community , aims at establishing a single regulatory framework for trading energy across Southeast Europe , was signed by trade and energy ministers representing the European Union , Albania , Bosnia And Herzegovina , Bulgaria , Croatia , Macedonia , Romania , and Serbia And Montenegro , as well as UNMIK (as Kosovo representative under Security Council Resolution 1244 ). Turkey has delayed its participation with 6 months (to the second half of 2006 ), because of problems with implementation of the Environment parts of the Acquis Communautaire . Moldova , Ukraine and Norway are expected to join later {Link without Title} . The treaty covers the sectors Electricity , Natural Gas and Petroleum products. The treaty will ensure that signatory states will adopt EU single market regulations regarding energy (the EU Acquis Communautaire in the relevant fields of Energy , Environment , Competition and others). The timetable for implementation of the Treaty is the following:
The treaty builds upon the South-East Europe Regional Energy Market for Electricity and Natural Gas formed in the framework of the Stability Pact For South Eastern Europe through the Athens Memorandum of November 2002 (covering Electricity ) and its revision in 2003 (covering Natural Gas ). The Treaty has been criticised by the trade unions (European Federation of Public Service Trade Unions (www.epsu.org/r/239) as it lacks a social dimension. The European Commission is now developing a Memorandum of Understanding on the social aspects in response. The Treaty will be discussed in the European Parliament in April 2006. SEE ALSO REFERENCES Text of the Treaty |
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