The presidents of the five Caspian states have negotiated an agreement on two zones in the Caspian littoral zone.
A statement, adopted by the Caspian Five after the Astrakhan summit, says that the presidents have come to terms on "national sovereignty over the littoral space within 15 nautical miles, and agreed that that each side will have the exclusive right to catch aquatic biological resources within 10 nautical miles adjacent to the 15-mile national sovereignty space."
Under the agreements reached, "beyond these 25 nautical miles lies a common water area, whose basic boundaries will be defined with the use of methods to be developed in further consultations."
The five presidents also spoke in favor of "freedom of navigation beyond the space under the national sovereignty of each side, with the observance of the littoral states' sovereign and exclusive rights, and of the rules governing the mutually approved types of activities, established in this connection."
The presidents reaffirmed that, "the delimitation of the sea bed and of the Caspian mineral resources will proceed on the basis of the generally recognized principles and norms of international law for the purpose of exercising the sides' sovereign right to make use of the mineral resources and to run other legal economic operations, connected with the development of the sea-bed and subsoil resources."
The statement was signed by the five presidents.
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