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Economy

This fact was correct when it was updated on 24 Sep 2020

What is an Exclusive Economic Zone (EEZ)?

An Exclusive Economic Zone (EEZ) is an area of the sea under the territorial ownership of a single country. This area is guaranteed by UN Convention on the Law of the Sea (UNCLOS). While an EU member, access to the UK’s 200-mile EEZ was shared with other member states as a common resource. The maintenance of access to the UK’s EEZ was an EU demand in trade negotiations, while the UK government would prefer a system of annual negotiations on access to each other’s EEZs.

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