Timor Sea Treaty in the context of "Timor Sea"

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⭐ Core Definition: Timor Sea Treaty

Formally known as the Timor Sea Treaty between the Government of East Timor and the Government of Australia was signed between Australia and East Timor in Dili, Timor-Leste on 20 May 2002, the day Timor-Lesteor attained its independence from United Nations rule, for joint petroleum exploration of the Timor Sea by the two countries. The signatories of the treaty were then Australian prime minister John Howard and his East Timorese counterpart at that time Mari Alkatiri.

The treaty entered into force on 2 April 2003, following an exchange of diplomatic notes and was backdated to 20 May 2002. The treaty was to run for 30 years from the day it came into force or when a seabed boundary could be established, whichever came earlier. However, the subsequent signing of the Treaty on Certain Maritime Arrangements in the Timor Sea (CMATS) in 2007, the period of validity for the Timor Sea Treaty was extended to 2057, when the validity of CMATS also ends.

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πŸ‘‰ Timor Sea Treaty in the context of Timor Sea

The Timor Sea (Indonesian: Laut Timor, Portuguese: Mar de Timor, Tetum: Tasi Mane or Tasi TimΓ³r) is a relatively shallow sea in the Indian Ocean bounded to the north by the island of Timor with Timor-Leste to the north, Indonesia to the northwest, Arafura Sea to the east, and to the south by Australia. The Sunda Trench marks the deepest point of the Timor Sea with a depth of more than 3300 metres, separating the continents of Oceania in the southeast and Asia to the northwest and north. The Timor sea is prone to earthquakes and tsunamis north of the Sunda Trench, due to its location on the Ring of Fire as well as volcanic activity and can experience major cyclones, due to the proximity from the Equator.

The sea contains a number of reefs, uninhabited islands and significant hydrocarbon reserves. International disputes emerged after the reserves were discovered resulting in the signing of the Timor Sea Treaty.

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