An exclusive economic zone (EEZ) is a zone in the ocean in which the adjacent nation has jurisdiction. These generally include waters extending 200 nautical miles from a nation’s coastline but are also drawn closer in where multiple nation’s jurisdictions would otherwise overlap. Each country has special rights regarding exploration and use of resources within its EEZ. For example, if a country establishes that its fishing resources are being fully exploited by domestic fleets, it can exclude foreign vessels. A country can also allow foreign vessels to fish in its EEZ and can sell them fishing licenses.
What is the significance of the EEZs?What is the significance of the EEZs?