UN General Assembly
1976

263. However, the Third Conference does not seem to hold the promise of satisfactory solutions. The conquest of the sea will go the way of the conquest of the earth and although certain limits may be established now which seem to meet present needs, we seriously wonder whether in future the criteria and aspirations of this Conference will prevail. 264. The proposal for an "exclusive economic zone" of 200 miles has given rise to serious differences of opinion, as land-locked countries still wonder whether they will be given what they consider to be theirs by right, namely the possibility to share in the benefits of the exploitation of the resources of the sea. Faced with this uncertainty and for political, historical and geographical reasons, Paraguay will continue to seek solutions to this fascinating and fundamental question of the law of the sea through bilateral negotiations.