03 Feb 2014
by Roberto Abusada and Fritz Du Bois
Executive SummaryIn what seemed a Solomonic judgment, The Hague has solved the long-running maritime border dispute between Peru and Chile by awarding something to each. Chile was able to retain more or less intact the grounds it has been fishing for the past 50 years, while Peru has added 50,000 square kilometers to its maritime domain (though the new area is of little economic value right now). Peru hailed the decision as a victory, while Chile expressed disappointment. Yet both countries rapidly accepted the ruling, and agreed to pursue “gradual but prompt implementation.” So the issue i...
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