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End to border deal between Timor Leste and Australia

Tuesday, 10 January 2017

SYDNEY: A contentious maritime border treaty between Timor Leste and Australia which cuts through lucrative oil and gas fields in the Timor Sea is to be torn up, the two sides said.

Dili and Canberra have been in dispute over the issue for a decade with the matter last year taken to the Permanent Court of Arbitration in The Hague.

Timor Leste has now officially notified its southern neighbour it wants to end the Certain Maritime Arrangements in the Timor Sea (CMATS), which carves up future revenue from oil and gas reserves in the area.

The Treaty on Certain Maritime Arrangements in the Timor Sea will cease to be in force as of 3 months from the date of that notification.

Source by: Internet

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