Agreement for Exclusive Economic Zone between Israel and Cyprus

The agreement for the delimitation of the Exclusive Economic Zone between Israel and Cyprus, reflects the close relationship and ongoing cooperation between the two countries, the Israeli Embassy announced today.

The agreement was signed earlier today by Cyprus' Minister of Foreign Affairs Markos Kyprianou and Israel's National Infrastructure Minister Uzi Landau.

''The State of Israel is pleased to announce the signing of an agreement with the Republic of Cyprus for the delimitation of the exclusive economic zone between the two States,'' an Israeli Embassy press release notes, adding ''this agreement reflects the close relationship and ongoing cooperation between Israel and Cyprus.''

The release also notes that ''in light of the recent discovery of a wealth of natural resources in the Mediterranean Sea, the delimitation of Israel's borders will play an important role in securing Israel's vital economic interests, by providing certainty to investors and offering clarity to Israel's neighbors as to the precise location of Israel's maritime borders and its right to natural resources at sea.''