UN Convention on the law of the Sea12 Aug 2024 17:32
'Argentina has accused the UK of trying to use a UN maritime treaty to undermine its sovereignty over the Falkland Islands, sparking new tensions between the two countries.'
Diana Mondino, Argentina's foreign minister, recently signed a UN sponsored agreement known as the Convention on the Law of the Sea.'
'Pulti received support from fellow deputy Hugo Yasky, who said he "was willing to push for a law rejecting the treaty."
"We agreed with him on the importance of urging Congress to reject the treaty and prevent our country from falling victim to a typical British ploy," he said after a meeting with Pulti.
The Falkland Islands boast a fishery industry that brings in around £31m a year.
At the same time, the islanders are set to earn billions of pounds from the Sea Lion oilfield that potentially contains over 300 million barrels.'
Teslyn Barkman, a member of the Falklands Legislative Assembly told the Express that the oil discovery would create a lot of new opportunities for UK businesses, and that around £750 million would go directly to British companies during the first two phases of development, as well as creating over a thousand jobs.
However, Argentina will not be one of the countries benefiting from the oil bonanza, due to its own political stance towards the Islands.
"Argentina has created a list of illegal economic sanctions and a bunch of domestic laws that target businesses that operate in the Falklands," she explained.
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