Australia, Timor-Leste sign treaty

Added On March 7, 2018

Australia and Timor-Leste have signed a maritime boundaries treaty under the auspices of the United Nations.
The treaty was signed by ministers of the two countries to resolve a long-running dispute over their maritime border.
The signing took place at UN Headquarters in New York in the presence of UN Secretary-General Antonio Guterres.
The treaty marks the successful conclusion of the first-ever recourse by states to conciliation proceedings under the United Nations Convention on the Law of the Sea.
The Comprehensive Package Agreement of Aug. 30, 2017, which includes the maritime boundaries treaty, puts an end to a decade-long maritime dispute between the two sides.
"By delimiting the maritime boundary between Australia and Timor-Leste in the Timor Sea and by establishing a special regime for the area comprising the Greater Sunrise gas field, this agreement puts Australia and Timor-Leste in a better position to exercise their respective rights and obligations under the Convention (on the Law of the Sea) in an effective manner. It should also ensure that both states fully benefit from the sustainable exploitation of natural resources in the Timor Sea."
The treaty is a further contribution to establishing legal certainty in the world's oceans.
"This signing of the treaty demonstrates the strength of international law and the effectiveness of resolving disputes through peaceful means."