(English version) Agreement between Japan and South Korea concerning joint development of the southern part of the continental shelf adjacent to the two countries (with map, appendix, agreed minutes and exchanges of notes) on 30 January 1974

Country: Japan, South Korea

Sea: East China Sea

Scope: Bilateral

Document Language: English

  • Summary:

This legal document contains the English version of the Agreement between Japan and South Korea concerning joint development of the southern part of the continental shelf adjacent to the two countries (with map, appendix, agreed minutes, and exchanges of notes) on 30 January 1974.

Article 2 of this Agreement establishes that the ‘Joint Development Zone” subject to this Agreement shall be an area of continental shelf bounded by straight lines connecting 21 points to enclose the Joint Development Zone. The coordinates of the 21 points are specified in the same Article 2. Under this Agreement, the Joint Development Zone may be divided into 9 Subzones as provided from the thirtheenth to the fifteenth page of the Agreement document. Each of the Subzone will be explored and exploited jointly by concessionaires of both countries. who shall enter into agreements for such joint exploration and exploitation.

Notably, Article 14 of the Agreement establishes the japan-ROK Joint Commission for consultations on matters concerning the implementation of this Agreement. In case any disputes between the two countries regarding the interpretation and implementation of this Agreement cannot be settled via diplomatic channels, the two countries shall refer for decision to an arbitration board composed of three arbitrators. Japan and South Korea each will appoint one arbitrator, and the third arbitrator shall be appointed by the two chosen arbitrators, provided that the third arbitrator shall not be a national from neither Japan nor South Korea.

 

 

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