"In 2010, Burma, also known as Myanmar, produced a variety of mineral commodities, including cement, coal, copper, lead, natural gas, petroleum, petroleum products, precious and semiprecious stones, tin, tungsten, and zinc. During 2010, Bangladesh, Burma, and India were involved in maritime boundary disputes over their respective sovereignty in the Bay of Bengal. For many years, these countries had attempted to negotiate and delimit their claims in the disputed area. In December 2009, Bangladesh and Burma accepted the jurisdiction of the International Tribunal for the Law of the Sea (ITLOS) for the settlement of the dispute concerning their maritime boundary delimitation. Although accepting ITLOS jurisdiction, the countries had not agreed on a bilateral solution regarding the delimitation principle to be used, and negotiations continued between the countries. ITLOS is an independent judicial body established by the United Nations Convention on the Law of the Sea (UNCLOS) that has jurisdiction to arbitrate disputes arising out of the interpretation and application of the Law of the Sea. UNCLOS establishes a legal framework to regulate ocean space and its resources and uses. In meetings held in January 2010, Bangladesh and Burma agreed to delimit the area by combining the equidistance and equity demarcation principles. In October, Burma and India reached an informal understanding to cooperate with each other on the settlement of their maritime dispute with Bangladesh (Durham University, 2010; International Tribunal for the Law of the Sea, 2010; Priyo.com, 2010)..."