(Approved at its meeting in Bogotá, Colombia, on June 19, 2003)

1. To incorporate the interconnection of natural gas as a new element of Andean energy integration policy.

2. To foster the harmonization of contracting procedures for hydrocarbon and mining projects, among others, in a context of full respect for each Member Country’s autonomy in this area.

3. To approve the Work Plan presented by the Working Group of Regulatory Agencies (GTOR) to advance electric interconnection and domestic energy markets in the subregion and to report its progress to the Council of Ministers of Energy, Electricity, Hydrocarbons and Mines.

4. To support the activities that are being carried out as part of the IIRSA in the energy sector and to reinforce Andean Community participation.

5. To promote and boost the use of alternative energy sources in the subregion and to share existing experiences.

6. Given the impact of the energy sector in improving the living conditions of the subregion’s inhabitants, it is essential to link up this subject with the formulating and execution of the Andean social agenda.

7. To point out to the Advisory Council of Treasury or Finance Ministers, Central Bank Presidents and heads of Planning Institutions that in harmonizing macroeconomic policies within the Andean integration process, due consideration should be given to the impact of these policies on the integration of the energy sector.

8. To promote actions for balancing the development of the electric, hydrocarbon and mining sectors within a framework of sustainable development.

9. To bolster the transfer of technology to companies in the region and to expedite the participation of national companies in providing energy and mining services.

10. Based on an evaluation of the legal contexts and of the policies in effect today in the Andean Community and its five Member Countries that affect the promotion and operation of energy clusters and energy services, to prepare an inventory and a preliminary evaluation of domestic and transnational enterprises operating in the subregion and to identify concrete opportunities to consolidate existing clusters and promote new networks and complexes for cooperation among firms at the national and subregional levels. Furthermore, to request the Andean Community General Secretariat to prepare public policy options --for consideration by the Ministers-- aimed at promoting and developing energy services and energy clusters in the subregion.

11. To request the Andean Community General Secretariat to prepare scenarios and proposals on negotiating objectives and strategies that will make it possible to implement the proposed policies for developing energy services and energy clusters. These scenarios and proposals should cover energy services and other subjects that are vitally important for ensuring the viability of those polices and should be submitted for consideration by the energy and trade authorities of the Andean countries.

12. To recommend that the Member Countries back the proposal on the objectives, negotiating methods and classification of energy services put forward by Venezuela during the WTO negotiations and the attendance of that country at the forthcoming meeting of the “Friends of Energy Group,” to be held on July 8, 2003 in Geneva, and its active participation in the successive negotiations concerning energy services in the WTO.

13. To recommend that the Member Countries form national inter-institutional teams to follow up on the energy services negotiations and to support the negotiating teams of the Andean missions in Geneva.

14. To foster the establishment of common Andean positions in negotiating with third parties, particularly the United States of America, given the characteristics of the oil and gas market and the region’s competitive possibilities.