Ambassador Đặng Hoàng Giang, permanent representative of Việt Nam to the UN, led the Vietnamese delegation, taking part in the discussion of the fifth session of the Intergovernmental Conference on an international legally binding instrument under the United Nations Convention on the Law of the Sea. — VNA/VNS Photo

NEW YORK — The fifth session of the Intergovernmental Conference on an international legally binding instrument under the United Nations Convention on the Law of the Sea (UNCLOS) on the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction concluded in New York on March 5, with participants reaching an agreement on the instrument.

The Vietnamese delegation, led by Ambassador Đặng Hoàng Giang, permanent representative of Việt Nam to the UN, made several proposals on regulations related to the building of capacity and transfer of maritime technologies in the interests of developing countries, while advocating contents in line with the UNCLOS, protecting the rights and interest of Việt Nam.

The agreement is considered a historical milestone in maritime protection in the context that countries are implementing the Agenda 2030 on Sustainable Development Goals, including Goal No.14 on the sustainable restoration and exploitation of the sea and maritime resources.

It underlined the principle of considering marine genetic resources as the common heritage of mankind and will be shared in a fair and equitable manner.

Particularly, for the first time, the document mentioned a digital sequence of information on genetic resources as a digital asset that is closely attached to maritime genetic resources and relevant interests shared by mankind following a mechanism defined in the agreement.

The document has important implications for regulating biodiversity-related activities across a wide range of oceans. In the context of the gap in access and exploitation of marine genetic resources between developed and developing countries, the document marks a compromise between groups of countries with different interests in promoting activities of conservation and sustainable exploitation of marine genetic resources beyond national jurisdictions as well as capacity building and technology transfer, while ensuring equality in the sharing of benefits from the sustainable exploitation and use of the rich marine genetic resources.

As scheduled, another session will be convened to approve the document before submitting it to the UN General Assembly. — VNS