The United Nations’ laws on seas, which created the International Sea Bed Authority, is mandated to control deep sea mining in the high seas in certain designated areas. The moralistic document is meant to protect the marine environment and also to regulate mining and further to reward contracts. But as could be expected, the United States remains a non-signatory to this convention. But then, even earlier, for selfish reasons, the US has bypassed not only the Kyoto Protocol, but also various other UN resolutions (on peace initiatives). At this juncture, the US notwithstanding, the international community must peacefully settle the titles of contested areas, simultaneously addressing concerns of smaller, technologically deprived, as well as land-locked countries.
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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