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2. Bay of Bengal: ITLOS' first ruling in favour of Bangladesh
- Author:
- Jalila Abdul Jalil
- Publication Date:
- 05-2011
- Content Type:
- Policy Brief
- Institution:
- Maritime Institute of Malaysia
- Abstract:
- Wednesday, 14th March 2012, marked an important date when the International Tribunal for the Law of the Sea (ITLOS) delivered its judgment on a maritime boundary delimitation dispute between Bangladesh and Myanmar in the Bay of Bengal. The ruling, by a vote of 21 to 1, awarded Bangladesh territorial and full 200 nautical miles (nm) economic rights as well as a substantial share of the outer continental shelf beyond 200 nm. The Tribunal also awarded a full 12 nm territorial sea around St. Martin's Island to Bangladesh. The conclusion of the dispute now opens up opportunities for exploration and exploitation of petroleum and natural gas in the bay.
- Topic:
- Economics, International Law, International Trade and Finance, Maritime Commerce, and Territorial Disputes
- Political Geography:
- Bangladesh, South Asia, Island, Southeast Asia, and Myanmar
3. Aligning the maritime industry towards realizing the New Economic Model aspirations
- Author:
- Nazery Khalid
- Publication Date:
- 04-2010
- Content Type:
- Policy Brief
- Institution:
- Maritime Institute of Malaysia
- Abstract:
- Malaysia is at a crossroad. It has done well to boost economic growth, thanks to sound economic strategies and management. From being a developing nation dependent upon commodities and agriculture to power its economic growth, Malaysia is now one of the top 20 trading nations. However, it has found itself 'stuck' in so-called 'middle income trap'. The economy, while more diversified today compared to three decades ago, is still reliant upon labor intensive activities and, inevitably, cheap labor. Malaysia's vulnerability to external shocks, as seen during the recession and credit crunch, underscores the urgent need for the nation's economic planners and policymakers to take drastic actions to make the economy more robust and move it up the value chain.
- Topic:
- Economics, International Trade and Finance, and Maritime Commerce
- Political Geography:
- Malaysia and Southeast Asia