Belize Guatemala agreement to foster trade
Greater attraction of investments, possible joint petroleum development are some of the economic benefits that both countries was get by settling their territorial dispute.
Tuesday, December 9, 2008
This was confirmed by an investigation carried out by the Intelligence Unit of the British magazine, The Economist, at the request of the Ministry of Foreign Affairs of the UK, that was obtained by the Prensa Libre.
Production from the sea area could increase by 60 to 70 thousand tonnes because of the extension the area under Nicaraguan sovereignty.
The conflict between Minera Panamá and Petaquilla Gold over land for mineral extraction in Panama will have to go to international arbitration.
The International Court of The Hague has ruled that the sea over the Caribbean continental shelf belongs to Nicaragua, with the exception of the San Andrés archipelago.
"The dispute with Nicaragua is over", reported the Panamanian Foreign Ministry.
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