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Thailand and Cambodia are establishing a UN conciliation commission to resolve maritime boundaries in the Gulf of Thailand, but disagree on whether talks should include joint development of offshore energy resources worth an estimated US$300 billion.
Prime Minister Anwar Ibrahim reaffirmed Malaysia's reliance on the 1982 United Nations Convention on the Law of the Sea and negotiations to address maritime boundary disputes with neighbouring countries, citing successful joint development models.
Thailand has formally accepted Cambodia's compulsory conciliation request under international maritime law to resolve their Gulf of Thailand boundary dispute, while making clear any recommendations will not be legally binding and bilateral negotiations remain paramount.