Greece and Egypt have recently signed an agreement that has caused much buzz in the world of politics and international relations. This agreement concerns the delimitation of their respective exclusive economic zones. In simpler terms, it is an agreement on how the two countries can explore and exploit their own natural resources without interfering with each other.
The agreement was signed on August 6, 2020, by the Greek Foreign Minister, Nikos Dendias, and his Egyptian counterpart, Sameh Shoukry. The agreement is significant as it marks the first time in history that Greece has entered into such a pact with an African country.
Now, you may be wondering why this agreement is so important. Well, it has to do with the rich natural resources that lie beneath the waters of the Eastern Mediterranean. The area is estimated to hold vast reserves of oil and natural gas, making it a highly coveted resource.
The agreement between Greece and Egypt is particularly important in light of recent tensions in the region. Turkey, a neighboring country, has been conducting drilling operations in waters that Greece and Cyprus claim as their own, leading to increasing tensions in the region.
By signing this agreement, Greece and Egypt have sent a clear message to Turkey that they are willing to cooperate and work towards ensuring stability in the region. The agreement is also seen as a win for Greece in its ongoing dispute with Turkey over maritime boundaries in the Eastern Mediterranean.
So, what does the agreement look like on a map? Well, the agreement includes a map that outlines the exclusive economic zones of both countries. Greece`s exclusive economic zone now extends to the east of the island of Crete, while Egypt`s exclusive economic zone now includes the area south of Crete.
This agreement is just one step towards ensuring stability in the Eastern Mediterranean region. It sets a positive precedent for cooperation between neighboring countries in resource exploration and is a positive step towards ending the current tensions between Greece and Turkey.
In conclusion, the Greece-Egypt agreement on the delimitation of exclusive economic zones is an important development for the region and the world at large. By working together, Greece and Egypt have taken a significant step towards ensuring stability and cooperation in the Eastern Mediterranean. The map included in the agreement outlines the respective economic zones of each country and is a clear indication of their commitment to resolving the ongoing tensions in the region.