Saturday, 24 November 2012

Nicaragua expects Colombia to respect border ruling

The ICJ ruled on Monday that a cluster of disputed small islands in the western Caribbean belonged to Colombia and not to Nicaragua but drew a demarcation line in favor of Nicaragua in the nearby waters.
The court said the territorial waters extending out from the seven islets, which are nearer Nicaragua's coast than Colombia's, should not cut into Nicaragua's continental shelf. The ruling reduced the expanse of ocean belonging to Colombia.
The decision, which is binding, increases the size of Nicaragua's continental shelf and economic exclusion zone in the Caribbean, which would give it access to rich underwater oil and gas deposits as well as fishing rights.
http://www.reuters.com/article/2012/11/24/us-nicaragua-colombia-idUSBRE8AN01P20121124

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