Venezuela’s recent statement a threat to regional, international peace — Guyana urges neighbouring country to pursue peaceful means to address concerns it might have — maintains waters in question form part of Exclusive Economic Zone The following is the full statement by the Government of the Cooperative Republic of Guyana in response to a communique from issued by Venezuela: The Government of the Cooperative Republic of Guyana is compelled to respond to a Communique issued today by the Government of the Bolivarian Republic of Venezuela which complained
of Guyana’s intention to put up for bid certain oil blocks in the waters adjacent to its coast, and concluded with a threat to “apply all the necessary measures” to prevent operations licensed by Guyana in these waters, which Venezuela claims as its own. Guyana considers this a threat not only to Guyana but to regional and international peace and
security, as well as to all of Guyana’s current and potential investment partners. Guyana has no doubt that under international law the waters in question form part of its Exclusive Economic Zone, where Guyana alone enjoys sovereign rights over the resources in the sea and beneath the seabed. If Venezuela disputes this, then it is
obliged by the United Nations Charter and the Charter of the OAS to employ only peaceful means to seek a resolution. Both Charters prohibit the threat or use of force against another State. Guyana therefore implores Venezuela to honor its obligation to pursue only peaceful means to settle any dispute it may have with
Guyana, including adjudication before the International Court Justice, where Guyana has sought confirmation of the land boundary between the two States. Allowing the Court to decide any other dispute between the parties would ensure a resolution that is peaceful, equitable and in accordance with international law.
The President of The Cooperative Republic of Guyana, Dr. Irfaan Ali
Collective action needed to push global efficiency, renewable energy PAGE 3 — financing remains a major hurdle, President Ali says
Key stakeholders forecast ‘brighter days’ owing to economic growth
— applaud government for strategic planning
PAGE 2
Over $20B in road works to be executed soon
— as bids open for projects in Regions Four, Five and Six
PAGE 8
Over 200 CAPE students to benefit from new $103M QC wing
— facility boasts eight classrooms, washrooms and a home economics laboratory
PAGE 18
Dr. Jagdeo: Infrastructural development being pursued without ethnic considerations PAGE 15