Timor-Leste: Labor Offers New Maritime Boundary Deal for East Timor

Feb 10, 2016 | Tom Allard, Sydney Morning Herald
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Labor has pledged to submit to international adjudication over the disputed maritime boundary between Australia and East TImor if "good faith" negotiations fail to produce agreement. The proposed deal on a new sea border, announced by opposition foreign affairs spokeswoman Tanya Plibersek at the National Press Club on Wednesday, could potentially give the fledgling country a far greater share of the rich deposits of oil and gas in the Timor Sea, estimated to be worth $40 billion or more.