The Caspian Sea Treaty
The Caspian Sea Treaty has been signed 12 August 2018. The delimitation of the seabed is yet to be agreed.
On 12 August 2018, after 20 years of negotiations, the leaders of the five coastal states to the Caspian Sea – Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan have signed a Treaty defining its legal status.
The parties has agreed upon one of the most important issues – the surface of the Caspian Sea is legally classifies as a sea, which means that each country controls 15 nautical miles of territotial waters and plus 10 nautical miles for fishing. All other surface of the Caspian Sea is to be considered as neutral waters for common use.
However, the other important issue was left pending – the delimitation of the seabed where most energy resources are located. The Caspian countries need to negotiate bilateral agreements.
Nevertheless, the Caspian Sea Treaty may be considered as landmark agreement in Pre-Caspian Region.