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Permanent Sovereignty over Natural Resources

A/RES/1803(XVII)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1963.

What other versions does this mandate have?

5 versions · 1962–1974
This is an older version — the most recent is A/RES/3171(XXVIII)
  • 1974A/RES/3171(XXVIII)Permanent sovereignty over natural resourcesLatestCompare with previous version
  • 1969A/RES/2386(XXIII)Permanent sovereignty over natural resourcesCompare with previous version
  • 1967A/RES/2158(XXI)Permanent sovereignty over natural resourcesCompare with previous version
  • 1963A/RES/1803(XVII)Permanent sovereignty over natural resourcesCompare with previous version
  • 1962A/RES/1720(XVI)Permanent sovereignty over natural resources

iVersions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

5 topics
Declarations (Text)International Law CodificationNatural ResourcesPermanent SovereigntyState Responsibility

What does this mandate say?

7 operative paragraphs
1
The right of peoples and nations to permanent sovereignty over their natural wealth and resources must be exercised in the interest of their national development and of the wellbeing of the people of the State concerned,
2
The exploration, development and disposition of such resources, as well as the import of the foreign capital required for these purposes, should be in conformity with the rules and conditions which the peoples and nations freely consider to be necessary or desirable with regard to the authorization, restriction or prohibition of such activities.
3
In cases where authorization is granted, the capital imported and the earnings on that capital shall be governed by the terms thereof, by the national legislation in force, and by international law. The profits derived must be shared in the proportions freely agreed upon, in each case, between the investors and the recipient State, due care being taken to ensure that there is no impairment, for any reason, of that State's sovereignty over its natural wealth and resources.
4, Nationalization, expropriation or requisitioning shall be based on grounds or reasons of public utility, security or the national interest which are recognized as overriding purely individual or private interests, both domestic and foreign. In such cases the owner shall be paid appropriate compensation, in accordance with the rules in force in the State taking such measures in the exercise of its sovereignty and in accordance with international law. In any case where the question of compensation gives rise to a controversy, the national jurisdiction of the State taking such measures shall be exhausted. However, upon agreement by sovereign States and other parties concerned, settlement of the dispute should be made through arbitration or international adjudication.
5
The free and 1Jeneficial exercise of the sovereignty of peoples and nations over their natural resources must be furthered liy the mutual respect of States based on their sovereig-n equality.
6
International co-operation for the economic development of developing countries, whether in the form of public or private capital investments, exchange of goods and services, technical assistance, or exchange of scientific in formation, shall be such as to further their independent national development and shall he based upon respect for their sovereignty over their natural wealth and resources.
7
Violation of tlie rights of peoples and nations to sovereignty over their natural wealth and resources is contrary
to the spirit and principles of the Charter of tbe United Nations and hinders the development of international cooperation and the maintenance of peace.
8
Foreign investment agreements freely entered into by or between sovereign States shall be observed in good faith; States and international organizations shall strictly and conscientiously respect the sovereignty of peoples and nations over their natural wealth and resources in accordance with the Charter and the principles set forth in the present resolution.
II Welcomes the decision of the International Law Commission to speed up its work on the codification of the topic of responsibility of States for the consideration of the General Assembly ;1 III Requests the Secretary-General to continue the study of the various aspects of permanent sovereignty over natural resources, taking into account the desire of Member States to ensure the protection of their sovereign rights while encouraging international co-operation in the field of economic development, and to report to the Economic and Social Council and to the General Assembly, if possible at its eighteenth session.
1194th plenary nieetin_q,
14 December 1962.

iParagraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.

Table of contents

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