How does the concept of "exclusive economic zone" relate to the broader context of international maritime law and policy?
The concept of an "exclusive economic zone" (EEZ) relates to international maritime law and policy as it defines the area within which a coastal state has jurisdiction over natural resources. In the context provided, Article 297 pertains to the vesting of various valuable resources in the Union (India), including those found within its EEZ. The EEZ concept is crucial in global maritime law as it establishes a balance between coastal states' rights to exploit marine resources and maintaining international navigation freedom on the seas.