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.

The study presented last October and that was released parallel to the signing the special agreement between Guatemala and Belize to submit the Guatemalan territorial, insular and maritime claim to the International Court of Justice (ICJ). The agreement was signed yesterday in Washington.

More on this topic

More Fishing Areas for Nicaragua

November 2012

Production from the sea area could increase by 60 to 70 thousand tonnes because of the extension the area under Nicaraguan sovereignty.

Until the recent ruling of the International Court of Justice, Nicaragua fished just west of longitude 82. Now more than 90,000 square kilometers of ocean rich in species such as lobster has been added.

Mining Land Dispute Goes to Arbitration

October 2012

The conflict between Minera Panamá and Petaquilla Gold over land for mineral extraction in Panama will have to go to international arbitration.

In 2010 Minera Panama, a subsidiary of Inmet Mining, asked the Ministry of Economy and Finance (MEF) to lease 7.453 hectares for the development of an ambitious project to extract copper, bordering the mining concession that the company has had since 1997.

Nicaragua’s Maritime Sovereignty Extended

November 2012

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 Court's ruling maintains Colombia’s sovereignty over the islands of San Andres and Providencia, and all the keys of the archipelago and the sea area extending eastward of these islands.

Nicaragua and Panama Overcome Border Differences

September 2013

"The dispute with Nicaragua is over", reported the Panamanian Foreign Ministry.

The agreement came after the president of Panama, Ricardo Martinelli, during his speech at the 68th General Assembly of the United Nations Organization (UN), criticized the intentions of the Nicaraguans in extending their territorial sea.

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