United Nations February 18: High Seas Treaty in Force; Japan Skips Peace Council
The UN high seas treaty enters into force on February 18, setting new rules for activity on the high seas and seabed. For Japan, the UN high seas treaty is a near-term compliance watch for shipping, fisheries, energy, and marine biotech. We expect tighter scrutiny of projects, permits, and data reporting. In parallel, Japan will attend the February 19 Peace Council meeting without joining or funding. These moves could shape risk pricing for exporters, insurers, and lenders today.
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