Indonesia eyes change to maritime treaty after Timor-Australia deal

Australian Prime Minister Malcolm Turnbull and Indonesian President Joko Wikodo walk together in Australia

"Both countries negotiated in good faith in order to achieve a treaty that Timor Leste, Australia and the [Conciliation] Commission believe is fair, balanced and consistent with global law", the statement said.

Australia and Timor-Leste on Tuesday signed a historic maritime boundary treaty under the auspices of the United Nations, ending a decade-long maritime dispute and recognizing a permanent border between them.

The treaty marks the conclusion of a conflict between Australia and East Timor that went on for ten years about rights over oil and gas reserves in the sea.

The dispute had prevented the development of the Greater Sunrise gas fields in the region, which are owned by a joint venture which includes Royal Dutch Shell PLC.

However, the countries could not come to an agreement on how to develop the field, and will continue negotiations.

Signed by Australian Foreign Minister Julie Bishop and Timor-Leste Minister in the Office of the Prime Minister for the Delimitation of Borders, Hermenegildo Augusto Cabral Pereira, at the UN headquarters in NY in the presence of UN Secretary-General Antonio Guterres, the pact marks the successful conclusion of the first recourse to conciliation proceedings under the United Nations Convention on the Law of the Sea.

East Timor's chief negotiator, former president Xanana Gusmao, has accused Australia of colluding with resource companies to ensure the resources are piped south to Darwin instead of north to East Timor.

Timor-Leste's chief negotiator Xanana Gusmao said: "History is made today as Timor-Leste signs a treaty on permanent maritime boundaries that establishes, for the first time, a fair border between our two countries, based on global law".

Organizer of failed Fyre Festival pleads guilty to fraud
In reality, they alleged, the total was about $60,000 ($AU77,182) from just 60 performances. Customers lashed out on social media with the hashtag #fyrefraud.

Transition tag, you're it - Bears make decision on cornerback Kyle Fuller
Given the fact that Fuller reportedly wanted to stay in Chicago , it's likely a long-term marriage can work itself out. The Bears have come up with a more creative and less expensive way of keeping free-agent cornerback Kyle Fuller .

Russian Olympics doping doc 'Icarus' wins Best Documentary at Oscars
It then quickly spiralled into the biggest expose of doping in sport to date. Netflix reportedly paid $5 million to acquire the film.

The statement called the treaty "a testament to the efficacy and importance of resolving disputes peacefully and in accordance with global law".

"The agreement being signed today is a further contribution to establishing legal certainty in the world's ocean, an essential condition for a stable relationship, peace and security", he said.

Pereira, calling the treaty "equatable, forward-looking", said it will institute certainty in worldwide investment and economic development for Timor Leste. "With the signing of this treaty today, we write a new chapter in the friendship between our two countries".

Before a crowd of cameras, diplomats and officials, Australia's Foreign Minister Julie Bishop and East Timor minister Hermenegildo Augusto Cabral Pereira signed two copies of the treaty Tuesday night.

"Australia believes the global rules-based order is fundamental to our collective security and prosperity", Bishop said. In particular, our treaty reflects the importance of the United Nations convention on the law of the sea.

Timor-Leste will also receive a higher share of the revenue from the gas fields, taking between 70 and 80% depending on whether the gas is piped first to Timor-Leste or Australia, Reuters reported.

Bishop noted each country recommended two members of the commission and all "played an objective, forthright and rigorously independent role".

In the meanwhile, the United States has also congratulated the governments of Australia and Timor-Leste for concluding a maritime boundary treaty under the first-ever conciliation process under the 1982 Law of the Sea Convention.

Related news:

Hot News

isis-killer-beheading-video-story-top Big 12 Tournament 2018: Bracket, schedule, scores, teams, and more
Mar 09, 2018 - 01:11
The Mountaineers will advance to the Big 12 Championship for the third straight season, but the road to get there won't be easy. And Kansas' first game in K.C. will be against a foe who has served as the Jayhawks' kryptonite this year - Oklahoma State .

Booming US oil production expected to meet most of world's demand
Mar 09, 2018 - 01:03
It represents more than half of the total global production capacity growth of 6.4 million b/d expected by 2023. And with USA production expected to keep surging, OPEC's caps may prove less effective in boosting prices.

isis-killer-beheading-video-story-top Renault blame batteries for F1 test issues
Mar 08, 2018 - 02:12
Eric Boullier has once again downplayed McLaren's teething problems, adamant their issues are just a "part of the process ". Vandoorne clocks-in just 38 laps as battery and hydraulics problems hamper McLaren's testing.

isis-killer-beheading-video-story-top 'Sex and the City' Star Cynthia Nixon Eyes NY Governor's Race
Mar 08, 2018 - 02:05
A source who spoke to a Nixon confidante said he was told "we're nowhere near making a decision". Nixon was a regular presence on the campaign trail for Blasio in 2013, and Ms.

isis-killer-beheading-video-story-top State Of Decay 2 Will Be Out On 22nd May
Mar 08, 2018 - 01:35
You get a whole heap of games for £9.99 a month, alongside all of the first-party efforts Microsoft have coming up. In State of Decay 2 , players will be able to team up in groups of four and explore the open-world together.

isis-killer-beheading-video-story-top Mark Cuban Allegedly Tanked His Hand Down a Girl's trousers
Mar 08, 2018 - 00:47
But in an email to the Associated Press , the billionaire simply wrote: 'It didn't happen '. New allegations have come to light, this time directly accusing Cuban of sexual assault.

isis-killer-beheading-video-story-top CBI arrests VP of Mehul Choksi's Gitanjali Group in PNB scam
Mar 08, 2018 - 00:40
In addition, Gokulnath Shetty, former deputy manager of PNB, has been re-arrested in connection with the second FIR in the scam. The CBI said Chitalia had left the country in the last week of January, as did the prime accused Nirav Modi and Choksi.

isis-killer-beheading-video-story-top Michelle Obama Meets Parker, the Little Girl Who Loved Her Official Portrait
Mar 07, 2018 - 08:42
After the meeting, Parker offered the same assessment of Ms Obama that she did after seeing the portrait. In a Tuesday tweet, Obama shared a video of Parker and herself dancing in her Washington office.

isis-killer-beheading-video-story-top Woman Tries To Open Door During Flight From SFO To Boise
Mar 07, 2018 - 08:12
Video posted online purportedly shows a passenger working to tie up the woman's feet as another man holds her down in the aisle. Video footage of the incident records the moments after passengers deterred the unidentified woman from opening the door.

isis-killer-beheading-video-story-top France to fix legal age of sexual consent as 15
Mar 07, 2018 - 07:54
President Emmanuel Macron met his future wife, Brigitte, when he was around 14 and she was 38 and a teacher at his school. Equality Minister Marlène Schiappa has welcomed the decision, telling AFP news agency she is "very glad" with the outcome.

isis-killer-beheading-video-story-top Republican pushback on tariffs gathers steam as Trump stands firm
Mar 07, 2018 - 07:51
I like conflict, I like having two people with different points of view, and I certainly have that and then I make a decision". That's the thing with trade wars - they can escalate quickly and easily spin out of control.

isis-killer-beheading-video-story-top Wenger won't quit and vows to turn Arsenal around
Mar 07, 2018 - 07:14
While that's commonplace these days, Cech's fronted straight up and admitted that his two mistakes directly cost Arsenal the game. The sense of crisis engulfing Arsenal deepened on Sunday as Arsene Wenger's men fell to a damaging 2-1 defeat at Brighton.

isis-killer-beheading-video-story-top Periyar statue will be razed like Lenin's
Mar 07, 2018 - 07:01
A statue of Left icon Lenin was also demolished at Belonia town in South Tripura yesterday with the help of a bulldozer. Raja promised to remove all statues.

isis-killer-beheading-video-story-top Jordan Peele became a director because of Whoopi Goldberg
Mar 06, 2018 - 02:01
The pair ran into each other later that night at the Vanity Fair Oscars party, and shared a sweet embrace. Daniela Vega speaks during the Academy Awards on March 4, 2018, in Hollywood, Calif.

isis-killer-beheading-video-story-top Sunjwan attack mastermind gunned down by army
Mar 06, 2018 - 01:31
The encounter of Waqas is a major milestone in the anti-terror operations being carried out by the Indian security forces. Srinagar (J and K), Mar 05 (ANI): Inspector General (IG) of Police of Kashmir Range, SP Pani, on Monday said.