Bangladesh wins Sea Border dispute

A UN tribunal has awarded Bangladesh nearly four-fifths of an area sprawling over 25,000 sq km (9,700 sq miles) in the Bay of Bengal, ending a dispute over a sea border with India that has ruffled ties between the neighbours for more than three decades.
India has welcomed the verdict by the UN's Permanent Court of Arbitration that ended the sea border dispute that has been on the table since 1974. Now, India all has to do is to ratify the land boundary agreement in Parliament, which will resolve the land boundary issue as well.
On the tribunal's award, the MEA spokesman said, “We welcome it and are studying the judgment in its entirety .“ The verdict, bind ing on both countries, opens the way for Bangladesh to explore for oil and gas in the Bay of Bengal, site of important energy reserves.
"It is the victory of friendship and a win-win situation for the peoples of Bangladesh and India,“ Bangladesh foreign minister Abul Hassan Mahmood Ali said on Tuesday to announce the Hague-based tribunal's ruling.

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