Publication: Magyar Közlöny
Issue: MK-1999-27 (Year: 1999, Number: 27)
Era: 1990-2004
Section: 
Paragraph Index: 691

b) in case it only has its registered office in that Area, has an effective and continuous link with the economy of one of the parties to that EIA or member of that free-trade area or customs union. Footnote to Decision No 3 — This Decision has been drafted in the understanding that Contracting Parties which intend to avail themselves of it and which also have entered into partnership an Co-operation Agreements with the European Communities and their Member States containing an article disapplying those Agreements in favour of the Treaty, will exchange letters of understanding which have the legal effect of making Article 16 of the Treaty applicable between them in relation to this Decision. The exchange of letters shall be completed in good time prior to signature. * ENERGY CHARTER PROTOCOL ON ENERGY EFFICIENCY AND RELATED ENVIRONMENTAL ASPECTS Preamble The Contracting Parties to this Protocol, having regard to the European Energy Charter adopted in the Concluding Document of the Hague Conference on the European Energy Charter, signed at The Hague on 17 December 1991; and in particular to the declarations therein that co-operation is necessary in the field of energy efficiency and related environmental protection, having regard also to the Energy Charter Treaty, opened for signature from 17 December 1994 to 16 June 1995, mindful of the work undertaken by international organizations and fora in the field of energy efficiency and environmental aspects of the energy cycle, aware of the improvements in supply security, and of the significant economic and environmental gains, which result from the implementation of cost-effective energy efficiency measures; and aware of their importance for restructuring economies and improving living standards, recognizing that improvements in energy efficiency reduce negative environmental consequences of the energy cycle including global warming and acidification, convinced that energy prices should reflect as far as possible a competitive market, ensuring market-oriented price formation, including fuller reflection of environmental costs and benefits, and recognizing that such price formation is vital to progress in energy efficiency and associated environmental protection, appreciating the vital role of the private sector including small and medium-sized enterprises in promoting and implementing energy efficiency measures, and intent on ensuring a favourable institutional framework for economically viable investment in energy efficiency, recognizing that commercial forms of cooperation may need to be complemented by intergovernmental co-operation, particularly in the area of energy policy formulation and analysis as well as in other areas which are essential to the enhancement of energy efficiency but not suitable for private funding, and desiring to undertake cooperative and coordinated action in the field of energy efficiency and related environmental protection and to adopt a Protocol providing a framework for using energy as economically and efficiently as possible, have agreed as follows: Part I INTRODUCTION Article 1 Scope and objectives of the Protocol

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