United Nations General Assembly Resolution 1803 (XVII): Difference between revisions
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== External links == |
== External links == |
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*[https:// |
*[https://undocs.org/a/res/1803(xvii) Text of the resolution] |
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[[Category:United Nations General Assembly resolutions|1803]] |
[[Category:United Nations General Assembly resolutions|1803]] |
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Revision as of 13:17, 22 April 2024
| UN General Assembly Resolution 1803 | |
|---|---|
| Date | 14 December 1962 |
| Code | A/RES/1803 (XVII) |
Voting summary |
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United Nations General Assembly Resolution 1803 established the principle of permanent sovereignty over natural resources. The resolution proclaims in particular that "the right of people's and nations to permanent sovereignty over their wealth and resources must be exercised in the interest of their national development and the well-being of the people of the State concerned". At the same time the resolution seeks to find a middle ground between countries' own decisions to regulate their assets and Western world's demand for stronger protection of foreign investments.[1]
Impact
The resolution has been invoked in international arbitrations, national court rulings, government decrees and diplomatic protests.[2] Among them is Decree No. 1 of the United Nations Council for Namibia adopted to provide the people of Namibia adequate protection of their natural resources.
References
- ^ Heejin Kim (2016). Regime Accommodation in International Law: Human Rights in International Economic Law and Policy. BRILL. p. 158. ISBN 9004325514.
- ^ "Sovereignty over natural resources in the OPT – SecGen report". United Nations. 1983. Retrieved 19 June 2022.