International Seabed Authority country Jamaica
Origin
The Authority held its first inaugural meeting in its host country, Jamaica, on 16 November 1994, the day the Convention came into force.  The articles governing the Authority have been made "noting the political and economic changes, including market-oriented approaches, affecting the implementation" of the convention. The Authority obtained its observer status to the United Nations in October 1996. Currently, the Authority has 167 members and the European Union, composed of all parties to the United Nations Convention on the Law of the Sea. The Authority operates by contracting with private and public corporations and other entities authorizing them to explore, and potentially exploit, specified areas on the deep seabed for mineral resources, such as cobalt, nickel and manganese.
Nation State Land Territory