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Tuesday, 20 November 2012 - U.N. court ruling expands Nicaragua's offshore rights |
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See the best of Reuters photography.  See more  Best of the AMAs Highlights from the American Music Awards.  Slideshow  Gaza conflict Scenes from Gaza and Israel.  Slideshow  Sponsored Links U.N. court ruling expands Nicaragua's offshore rights Tweet Share this Email Print Related News UPDATE 3-U.N. court ruling expands Nicaragua's offshore rights Mon, Nov 19 2012 Colombian rebels call truce as peace talks start Mon, Nov 19 2012 UPDATE 5-Colombia's Interbolsa brokerage to be liquidated Wed, Nov 7 2012 Analysis & Opinion Dancing away the violence The pier of my memory Related Topics World » THE HAGUE | Tue Nov 20, 2012 12:06am EST THE HAGUE (Reuters) - The International Court of Justice ruled on Monday that a cluster of disputed small islands in the western Caribbean belonged to Colombia and not to Nicaragua, but drew a demarcation line in favor of Nicaragua in the nearby waters. The court said the territorial waters extending out from the seven islets, which are nearer Nicaragua's coast than Colombia's, should not cut into Nicaragua's continental shelf. The ruling reduced the expanse of ocean belonging to Colombia. The decision, which is binding, increases the size of Nicaragua's continental shelf and economic exclusion zone in the Caribbean, potentially giving it access to underwater oil and gas deposits as well as fishing rights. "The court agrees that the achievement of an equitable solution requires a line of delimitation to allow the parties to attain their maritime rights in a mutually balanced way," said Peter Tomka, presiding judge. In 2007, the court, which is based in The Hague, ruled in a long-running dispute between the two countries that the three larger islands of San Andres, Providencia and Santa Catalina belonged to Colombia. The ruling on Monday related to a further seven islets and the associated offshore rights surrounding them. The three larger islands have been controlled by Colombia since Nicaragua ceded them in a 1928 treaty. Colombian President Juan Manuel Santos rejected the changes to the border, which effectively put some islands outside of the rest of the archipelago, saying the ruling had "omissions, mistakes, excesses, inconsistencies, that we cannot accept". "Colombia ... emphatically rejects that aspect of the judgment the Court has issued," he said in a statement. "Therefore, we do not rule out any action or mechanism granted to us by international law to defend our rights." The cluster of islands is over 700 km (437 miles) from the Colombian coast but only 200 km (125 miles) from Nicaragua. Nicaraguan President Daniel Ortega welcomed the ruling as a recognition of his country's rights to fishing in the area and potential oil deposits. He criticized Santos for suggesting that Colombia would fight the court's ruling. "To whom will they appeal?" Ortega said at a public event in Managua. "This is a lack of seriousness for a president of such an important nation as Colombia." (Reporting by Thomas Escritt, Helen Murphy in Bogota and Ivan Castro in Managua; Editing by Alison Williams and Christopher Wilson) World Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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