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The signing of a treaty between Australia and Timor-Leste in the first conciliation under the United Nations Convention on the Law on the Sea (UNCLOS), represents a positive outcome to a long-running dispute on their maritime boundaries. The treaty will also enable the joint use of natural resources in the Timor Sea, which will bring economic benefits and contribute to sustainable development, particularly in Timor-Leste.
Signed in New York in the presence of UN Secretary General António Guterres, the treaty demonstrates the effectiveness of the UNCLOS conciliation process and sends a positive signal to other countries with contentious maritime boundary disputes that such disputes should be resolved peacefully and in accordance with international law.