On Monday, the International Court of Justice in The Hague, Netherlands, ended decades of dispute by drawing a new maritime border between Chile and Peru. The new boundary awards parts of the pacific ocean to Peru, but keeps valuable fishing territory inside Chilean borders.
Rights to the approximately 38,000 kilometers of fish-rich waters off the coast of both South American nations has been hotly debated for years. Peruvian officials estimate fishing in the region to be worth around US$200 million annually. The court’s decision, which fused the wishes of both parties, has received mixed reviews.
In gaining more than half the land they had requested, some are viewing it as a victory for Peru. However, others like David Patino, leader of the Peruvian fishermen in the region, classify it as a loss as much of the valuable territory remained in Chile’s hands. Nonetheless, the court’s decisions are final and binding.
After Peru, Chile is the world’s No. 2 exporter of fish meal.
Source: Associated Press.