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Tuesday, 08 September 2015

Barbados & St. Vincent sign historic agreement

Barbados and St. Vincent and the Grenadines have signed a treaty establishing a maritime boundary between the two countries. It is the first ever of its kind and is based on equidistance between the two countries. Barbados’ Prime Minister Freundel Stuart explained,  “The definition of the extent of a state’s jurisdiction over its land and maritime space is not a small matter. In fact, the ability of a state to exercise this jurisdiction unimpeded is one of the very defining characteristics of sovereignty. To agree with one’s neighbours exactly where their jurisdiction begins and yours ends is thus a matter of the highest import to the proper conduct of the business of the state.” Prime Minister of St. Vincent and the Grenadines Dr. Ralph Gonsalves further explained that the agreement would have a number of practical consequences for his country, one of which was geothermal exploration - with Reykjavik Geothermal Ltd and Emera Power, the owners of Barbados Light and Power.

Source: caribbean360.com