Background:
Equatorial Guinea had been recently dubbed like a low monetarily developed nation in the 70’s due to its reduced demand export products such as cacao, timber and coffee. Even so since the 1980’s, its overall economy has experienced a large development due to the country’s discovery of oil, petroleum and gas deposits, because of this it is now named as a channel economically produced country by World Lender and the IMF. Petroleum export products now account for a large most Equatorial Guinea’s exports and contributes a lot more than four-fifths of its gross domestic merchandise. Despite this, the folks of equatorial guinea have to largely rely on farming because their predominant occupation and live with poor requirements of living.
Stance:
The republic of Equatorial Guinea solemnly believes the fact that Aarctic really should not be militarized since militarisation from the Aarctic leads to new complications, as greater and more strong nations than Equatorial Gguinea could take advantage of the essential oil and vitamin rich gets and oceans of the Aarctic. These nations which hold a “stake” in the Aarctic could harm the economies of oil export dependent based nations around the world. African countries such as Equatorial Gguinea have limited intercontinental influence and importance inside the militarisation with the arctic place due to its much distance and therefore would wish to establish better foreign ties with Sslavic countries and oil export reliantbased countries in order to guarantee there is proper regulation around the control of the arctic location.
Proposed option:
Equatorial Guinea emphasises on the have to have a of your legally binding agreement enforced on all nations which usually restricts the number of land owned or operated by each nation to be able to prevent the exploitation of Aarctic soil simply by large Ffirst Wworld countries, due to their preponderant sects of land compared to weaker countries. Such acts can be considered to get aggressive and expansionist in nature and may even be interpreted as a menace to various other nations economies and sovereignty.
Equatorial Guinea also emphasizes for the need of a regulatory body such as the UNSC itself or a sub-body beneath the UNSC to ensure binding contracts related to the militarisation of the arctic will be carried out. This really is to ensure the Aarctic remains as a largely “terra nullius” location to prevent turmoil between international powers. This kind of body would also ensure proper conditions such as the “continental shelf” is created clear to every nation and also ensure strong nations including russia and america will not build out of their exclusive economic specific zones. Aggressor declares can be managed by awe-inspiring economic sanctions on the overfaldsmand state and cutting off key resources to ensure an effective deterrent is performed against the express.
