Webinar | Equitable sharing of financial and other economic benefits
UNCLOS establishes the principle that all activities in the Area, including recovery of minerals, must be carried out for the benefit of all humanity, irrespective of the geographic location of States. In pursuance of this principle, UNCLOS requires ISA to provide for the equitable sharing of financial and other economic benefits on a non-discriminatory basis. As the ISA Council advances its work on adopting the necessary regulatory framework that would permit commercial recovery, the ISA Finance Committee, which has the primary responsibility to draft appropriate rules and procedures on equitable sharing, has started to develop proposals for equitable sharing of financial and other economic benefits.
A recent report published by the ISA Secretariat (Technical Study 31) summarises two year of work under the supervision of the Finance committee. Join us for this webinar to find out more.
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