CURRENT AFFAIRS

Detailed explanation-1: -The United Nations(UN) inked the first ‘High Seas Treaty’ in a bid to protect the ocean bodies of the world that lie outside the national boundaries and form almost two-thirds of the world’s oceans.

Detailed explanation-2: -After almost 20 years of negotiations, United Nations member countries have agreed upon an international treaty to protect oceans of the world that lie outside national borders. These waters, known as “high seas, ‘’ occupy nearly two-thirds of the world’s oceans.

Detailed explanation-3: -On March 4, 2023, after almost two decades of discussion, including 5 years of negotiations, the world’s governments reached agreement on key substantive issues for a new Treaty to protect High Seas marine life.

Detailed explanation-4: -The new High Seas Treaty stipulates that environmental impact assessments must be completed before any new exploitation of marine resources in areas beyond national jurisdictions. It also features provisions to allow for the equitable sharing of knowledge, technologies and benefits from marine genetic resources.