President Baron Waqa told a special 25th anniversary sitting of the assembly of the ISA in Jamaica that the regulations must be in harmony with the Convention on the Law of the Sea.
“They must balance commercially viable mining of the seabed with protection of the ocean ecology for the benefit of mankind as a while,” he said.
In March this year, the Legal and Technical Commission, a 30-member expert advisory body of the International Seabed Authority (ISA) released the draft regulations on exploitation of the mineral resources in the international seabed area.