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    Principle of Permanent Sovereignty Over Natural Resources

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    camilledungog
    The document discusses UN General Assembly resolution 1803 (XVII) which established principles of permanent sovereignty over natural resources. The resolution affirmed that every state has the sovereign right to dispose of its wealth and natural resources according to its national interests. It also recognized the inalienable right of nations to self-determination and control over their economic independence and development.

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    Principle of Permanent Sovereignty Over Natural Resources

    Uploaded by

    camilledungog
    17 views1 page
    The document discusses UN General Assembly resolution 1803 (XVII) which established principles of permanent sovereignty over natural resources. The resolution affirmed that every state has the sovereign right to dispose of its wealth and natural resources according to its national interests. It also recognized the inalienable right of nations to self-determination and control over their economic independence and development.

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    case11.docx

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    The document discusses UN General Assembly resolution 1803 (XVII) which established principles of permanent sovereignty over natural resources. The resolution affirmed that every state has the sovereign right to dispose of its wealth and natural resources according to its national interests. It also recognized the inalienable right of nations to self-determination and control over their economic independence and development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views1 page

    Principle of Permanent Sovereignty Over Natural Resources

    Uploaded by

    camilledungog
    The document discusses UN General Assembly resolution 1803 (XVII) which established principles of permanent sovereignty over natural resources. The resolution affirmed that every state has the sovereign right to dispose of its wealth and natural resources according to its national interests. It also recognized the inalienable right of nations to self-determination and control over their economic independence and development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    Principle of Permanent Sovereignty over Natural Resources[6]

    The East Timor Treaty violated the General Assembly resolution 1803 (XVII) which is based on a number
    of previous UN resolutions. This resolution saw the establishment of the Commission on permanent
    sovereignty over natural wealth and resources as a basic constituent of the right to self-determination.
    Number of issues were considered when this resolution was drafted, some of which include;

    * The resolution is to encourage international co-operation in the economic development of developing


    countries'.

    * To establish the sovereign right of every State to dispose of its wealth and its natural resources should be
    respected;

    * it was based on the recognition of the inalienable right of all States freely to dispose of their natural
    wealth and resources in accordance with their national interests, and on respect for the economic
    independence of States;

    * desirability to promote international co-operation for the economic development of developing countries,
    and that economic and financial agreements between the developed and the developing countries must be
    based on the principles of equality and of the right of peoples and nations to self-determination and;

    * particular importance of promoting the economic development of developing countries and securing their
    economic independence was to be given.

    This above charter, although not exhaustive, provides the fundamental principle of Permanent sovereignty
    over natural resources' and the The right of peoples and nations to permanent sovereignty over their
    natural wealth and resources must be exercised in the interest of their national development and of the well-
    being of the people of the State concerned..

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