Agreement between Egypt and Greece

Egypt and Greece have recently reached an agreement on the delimitation of their exclusive economic zones (EEZs) in the East Mediterranean. The agreement is significant as it ends years of tension and disputes between the two countries over the exploration and exploitation of gas reserves in the region.

The agreement was signed by the Foreign Ministers of Egypt and Greece on 6 August 2020, and it establishes the maritime boundary between the two countries. The boundary runs from the coasts of Egypt`s western boundary to the Greek islands of Crete and Kassos.

The agreement is based on the United Nations Convention on the Law of the Sea (UNCLOS), which stipulates that countries have the right to establish their EEZs up to 200 nautical miles from their coasts. The agreement grants Egypt the right to explore and exploit gas reserves in an area of about 39,000 square kilometers, while Greece has the right to do the same in an area of about 14,000 square kilometers.

The agreement has been welcomed by both countries, as it opens up new opportunities for cooperation and development in the region. It also enhances the stability and security of the East Mediterranean, as it reduces the risk of conflicts and tensions between neighboring countries.

The agreement has also been praised by the international community, as it demonstrates the importance of peaceful and diplomatic solutions to disputes over natural resources. It sets a positive example for other countries in the region that are involved in similar disputes, and it shows that it is possible to reach mutually beneficial agreements through dialogue and cooperation.

In conclusion, the agreement between Egypt and Greece on the delimitation of their EEZs is a significant step towards peace, stability, and development in the East Mediterranean. The agreement demonstrates the importance of international law, diplomacy, and cooperation in resolving disputes over natural resources, and it sets a positive example for other countries in the region. As such, it is a welcome development that should be celebrated and supported by all those who are committed to peace and prosperity in the region.