UN Special Adviser Espen Barth Eide, in an interview with the Cyprus News Agency published on Wednesday, said nobody had exploited the island’s exclusive economic zone (EEZ) because it was not sovereign territory.
Because the economic zone is not sovereign territory, anybody can basically do anything there but for taking out the resources.
The clue is the word exclusive.
Exclusive economic zone. It is an extension of sovereign territory, its exclusive.
The one good thing he said though was nobody can take out resources except or without the consent of the country the economic zone is exclusive to.
This is the UN's convention on the law of the sea.
Out to 12 nautical miles (22 kilometres; 14 miles) from the baseline, the coastal state is free to set laws, regulate use, and use any resource. Vessels were given the right of innocent passage through any territorial waters, with strategic straits allowing the passage of military craft as transit passage, in that naval vessels are allowed to maintain postures that would be illegal in territorial waters. "Innocent passage" is defined by the convention as passing through waters in an expeditious and continuous manner, which is not "prejudicial to the peace, good order or the security" of the coastal state. Fishing, polluting, weapons practice, and spying are not "innocent", and submarines and other underwater vehicles are required to navigate on the surface and to show their flag. Nations can also temporarily suspend innocent passage in specific areas of their territorial seas, if doing so is essential for the protection of its security.
Exclusive economic zones (EEZs)
These extend from the edge of the territorial sea out to 200 nautical miles (370 kilometres; 230 miles) from the baseline. Within this area, the coastal nation has sole exploitation rights over all natural resources.