Questions

In the exclusive economic zone, the coastal nation has sovereign rights for the purpose of exploring and exploiting, conserving and managing the natural resources, whether living or non-living, including production of energy from the water, currents and winds. However, In the exclusive economic zone, all nations, whether coastal or land-locked shall enjoy the freedom of navigation and overflight and of the laying of submarine cables and pipelines, and other internationally lawful uses of the sea. That means fourth right is not exclusive only for the coastal nations.

The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade. If exports exceed imports, it is sometimes called a favourable balance of trade.