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Joint Development Zones As An Alternative Dispute Settlement Approach In Maritime Boundary Delimitation

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Chapter Summary

The author draws attention to joint development zones as one of the means by which States deal with the difficult problem of maritime delimitation. The suspension or elimination of the dispute over title to the resources is likely to make it easier for the parties to attract investors with the requisite funding and capacity to exploit the resources. It also improves the possibility of their securing support and assistance from national and international agencies. Both in negotiating with foreign investors and also in establishing appropriate mechanisms for exploration for, and exploitation of, the resources in the most efficient and economic manner. Finally, joint development zones may be seen as one way by which States can implement the letter and spirit of the provisions of the Convention on the Law of the Sea relating to delimitation of maritime boundaries.

Keywords: dispute settlement approach; joint development zones; Law of the Sea; maritime boundaries; maritime delimitation



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