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Principle of Permanent Sovereignty Over Natural Resources

The East Timor Treaty violated UN General Assembly Resolution 1803, which established the principle of permanent sovereignty over natural resources as a basic right of self-determination. Resolution 1803 encourages international cooperation for developing countries' economic development and establishes that all states have sovereign rights to dispose of their natural wealth according to their national interests and economic independence.

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44 views1 page

Principle of Permanent Sovereignty Over Natural Resources

The East Timor Treaty violated UN General Assembly Resolution 1803, which established the principle of permanent sovereignty over natural resources as a basic right of self-determination. Resolution 1803 encourages international cooperation for developing countries' economic development and establishes that all states have sovereign rights to dispose of their natural wealth according to their national interests and economic independence.

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camilledungog
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© © All Rights Reserved
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PrincipleofPermanentSovereigntyoverNaturalResources[6]

TheEastTimorTreatyviolatedtheGeneralAssemblyresolution1803(XVII)whichisbasedonanumber
ofpreviousUNresolutions.ThisresolutionsawtheestablishmentoftheCommissiononpermanent
sovereigntyovernaturalwealthandresourcesasabasicconstituentoftherighttoselfdetermination.
Numberofissueswereconsideredwhenthisresolutionwasdrafted,someofwhichinclude;

*Theresolutionistoencourageinternationalcooperationintheeconomicdevelopmentofdeveloping
countries'.

*ToestablishthesovereignrightofeveryStatetodisposeofitswealthanditsnaturalresourcesshouldbe
respected;

*itwasbasedontherecognitionoftheinalienablerightofallStatesfreelytodisposeoftheirnatural
wealthandresourcesinaccordancewiththeirnationalinterests,andonrespectfortheeconomic
independenceofStates;

*desirabilitytopromoteinternationalcooperationfortheeconomicdevelopmentofdevelopingcountries,
andthateconomicandfinancialagreementsbetweenthedevelopedandthedevelopingcountriesmustbe
basedontheprinciplesofequalityandoftherightofpeoplesandnationstoselfdeterminationand;

*particularimportanceofpromotingtheeconomicdevelopmentofdevelopingcountriesandsecuringtheir
economicindependencewastobegiven.

Thisabovecharter,althoughnotexhaustive,providesthefundamentalprincipleofPermanentsovereignty
overnaturalresources'andtheTherightofpeoplesandnationstopermanentsovereigntyovertheir
naturalwealthandresourcesmustbeexercisedintheinterestoftheirnationaldevelopmentandofthewell
beingofthepeopleoftheStateconcerned..

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