The Theory Of International Seabed Area Of Parallel Development System

Parallel development system is an important system of law of the sea, as the importantachievements of the United Nations convention on the law, has important significance for theconstruction of just and reasonable new order ocean after constant interest game aboutexecution on December10,1982(United Nations convention on the law of) the tenth part ofan agreement arises at the historic moment, reducing development heavy cost, simplify thecumbersome vetting process and cancel the draconian measures of technology transfer limit,given a system of parallel development more likely operational practice.System of international seabed area, on the other hand, a pioneer of the investors, theexploration and the establishment of regulations and rules such as the parallel development ofthe institutional framework for the enrichment and development, processing and salesdevelopment formed from the open test to a set of strict system of environmental protection,make the human development and utilization of international seabed area precious mineralshas a sustainable system guarantee.This paper is divided into four parts in addition to the introduction and conclusion asfollow:PartⅠ:Description "area" concept and legal status, the interests of great powers out offocus and the course of the dispute, and in the development of a single system, the system ofinternational registration and licensing system controversy, the parallel development of thesystem and ultimately to the parties agree perfect.Part Ⅱ:In the final efforts of all parties, the "Law of the Sea Convention" establishes aframework for the development of parallel systems, but it is also faced with many difficulties,and then modify the "executive agreement" in the interests of all parties to reach acompromise, and continue to improve the overall structure this system.Part Ⅲ:parallel development system, although the parties compromise, but failed tomeet the requirements of the United States and other countries, as well as large national carealso has many limitations. Pioneer investor regime reflects the early investor protection, helpimprove the development of "regional" system.Part Ⅳ:China, as one of the first pioneer investor, the earlier practices were developedand made important achievements. However, due to China’s lack of macro marine development strategy, many deficiencies exist in parallel with the development system.Therefore, it is imperative to develop a macro in maritime strategy, while constantlyimproving our system of parallel development, in order to better participate in the paralleldevelopment of the international seabed area, access to more resources and more space forChina’s economic construction.