Sea Tribunal Ruling: Bangladesh’s Gain, Burma’s Paying
covering burma and southeast asia
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Sea Tribunal Ruling: Bangladesh’s Gain, Burma’s Paying


By WILLIAM BOOT / THE IRRAWADDY Tuesday, March 20, 2012


The map on the left shows the conflicting territorial claims of Burma and Bangladesh in the Bay of Bengal; the map on the right shows the international tribunal's final ruling. (Photo: ITLOS)
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Burma similarly suffers from an inadequate electricity supply, despite being rich in energy resources.

Burma’s Radio Myanmar said briefly last week that the Burmese government accepted the UN tribunal’s ruling but the authorities have otherwise remained silent—unlike Bangladesh, which has trumpeted what it sees as a triumph.

The tribunal ruling is binding and there is no opportunity for appeal.

“We see this [ruling] as cause for great satisfaction,” said German Foreign Minister of State Cornelia Pieper, whose country hosted the tribunal. “Disputes over maritime boundaries can cause perennial strain in relations between neighboring countries. The compromise found yesterday gives both countries legal certainty.”

The final settlement of the long-running maritime dispute comes as reports are emerging of a major relaxation of laws controlling foreign investment in Burma which, if correct, would make it much more attractive than at present for potential offshore oil and gas explorers.

New foreign investment regulations tipped to go before Parliament before the end of this month would permit 100 percent foreign ownership of a project, a five year tax-free period, and a promise of no nationalization, the New York Times and Reuters reported.

“The draft law goes some way to reassuring investors worried about a reversal of the reforms and the possible seizure of assets,” says the Oslo-based energy magazine Upstream. “Western companies shied away from the largest Burmese [oil and gas licensing] exploration round in years last November.”

What many observers are waiting to see, however, is whether Burma’s government will introduce rules ensuring that a large proportion, if not all, of new oil and gas discoveries remain inside the country rather than being sold abroad as at present. 
 



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Heh Heh Wrote:
22/03/2012
These guys used to make quick money bashing Myanmar,using the direct translation of the official country name in Myanmar language since independence in 1948, accepted by all at that time in Myanmar language - or Burma,using the translation since colonial times.
A major US newspaper has recently written that these guys need career counselling now.

So this ' fictional news writer ' career might be after such counselling...

Haha Wrote:
21/03/2012
You are being a fictional news writer now?

Even though Burma did not win her claims around St Martin Island, it didn't lose its present territory.

You are also confused with Burma's gas block AD7 and Bangladesh's gas block #10. They are both retained respectively. And you ignore Bangla political pandering.

1974 agreement was scrapped "in favor of Burma". So Burma have more base line to be awarded more EEZ area. As a result, Burma get 171,832 square kilometres whereas Bengali get 111,631 square kilometres.

So Bangladesh did not really get whatever they asked for...except previously unsettled area around St Martin's Island.

Study here more...

http://www.defence.pk/forums/bangladesh-defence/165327-bangladesh-myanmar-sea-limits-verdict-wed-16.html

http://horizonspeaks.wordpress.com/2011/09/11/bangladesh-vs-myanmar-the-maritime-arbitration/

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