Energy Charter Treaty And Turkey's Approach

Turkey's Standing for the Evaluation of the Investment Environment under the Energy Charter Treaty

International investment law covers the promotion of foreign investments and their protection against undue interferences by the Host States. Establishing a favorable investment climate is now recognized as a crucial requirement of economic development. The primary sources of international investment law are bilateral and multilateral investment treaties (BITs-MITs), especially for specific investment areas or sectors with an investment protection regime like the Energy Charter Treaty (ECT). By establishing standards for legal stability and predictability of Host States' actions, this kind of protection contributes to establishing a warm climate for foreign investors who are keen on being an actor in the economic progress of the Host State in the energy sector.