Published by Global Banking & Finance Review®
Posted on June 9, 2025
4 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe High Seas Treaty, signed in 2023, seeks to protect international waters by establishing marine protected areas and ensuring sustainable use of resources.
By Virginia Furness
LONDON (Reuters) - While many countries have agreed to take steps to protect the vast, ungoverned swathes of the world's oceans, they have yet to see their High Seas Treaty go into effect. This week's U.N. Oceans Conference in the French city of Nice hopes to change that.
WHAT IS THE HIGH SEAS TREATY?
The treaty, signed in 2023, provides a legal framework for creating marine protected areas on the "high seas", or the ocean areas that lie beyond any national jurisdiction.
Currently, less than 3% of the oceans are under some form of protection, although altogether the world's oceans cover two-thirds of the planet.
The treaty contains 75 points covering areas such as protecting, caring for and ensuring responsible use of marine resources, and includes a provision for requiring environmental impact assessments of any economic activities in international waters.
The treaty also aims to ensure that all countries have fair and equitable access to the ocean's resources. While it is widely referred to as the High Seas Treaty, officially it is called the Biodiversity Beyond National Jurisdiction Treaty.
As of Monday, French President Emmanuel Macron said 50 countries had ratified the treaty, with 60 needed for it to go into effect.
Separate to the High Seas Treaty, countries agreed under a 2022 U.N. biodiversity pact to put 30% of their territorial waters under conservation.
WHY DO WE NEED AN OCEAN TREATY?
Oceans support coastal economies and livelihoods through tourism, fishing, shipping, mining, offshore energy and more.
Oceans also absorb about a third of the world's carbon dioxide, or CO2 - the primary gas driving climate change - while ocean-swimming phytoplankton provide about half of the world's oxygen.
But marine life is now struggling, and human industry and development are almost entirely to blame.
More than 1,500 ocean plants and animals are now at risk of extinction, and that number is expected to rise amid ongoing pollution, overfishing, ocean warming and acidification, according to scientists at the International Union for Conservation of Nature.
Additionally, new threats to ocean organisms and ecosystems could emerge in coming years in the form of deep-sea mining for rare-earth minerals. In Nice, Macron is expected to urge countries to support postponing sea-bed exploration while researchers work to understand deep sea ecosystems.
Scientists are also concerned about the possibility that governments could look to modify ocean chemistry to boost its capacity for absorbing CO2 - a scenario that researchers say could help to limit global warming but could also have unintended consequences.
WHAT ARE THE NEXT STEPS FOR THE TREATY?
Macron's news on Monday of 50 governments having ratified the treaty means it is still short by 10 signatures.
The treaty will enter into force 120 days after 60 countries have ratified it. Work then begins on setting up institutions and committees to implement the treaty, while its signatories expect to hold a first conference within a year.
Despite its involvement in the original treaty negotiations, the United States under current President Donald Trump is not expected to ratify the treaty.
WHAT ELSE IS HAPPENING AT THE U.N. OCEANS CONFERENCE?
Macron is co-hosting this third U.N. Oceans conference with Costa Rica, and with at least 55 heads of state, business leaders and civil society groups expected to attend the five-day event.
Aside from discussions to advance the treaty, delegates are also expected this week to discuss overfishing, water pollution and other threats to marine life.
They'll also be looking for fresh ideas on how to pay for it all - with ocean-linked financing lagging far behind other sustainable investment areas. For the five years spanning 2015-2019, ocean-related spending totalled $10 billion.
By comparison, the U.N. estimates that every year at least $175 billion is needed for marine protection.
The last U.N. oceans summit was held in Lisbon and co-hosted by Kenya in 2022. The next, co-hosted by Chile and Korea, is set for 2028.
(Reporting by Virginia Furness, Editing by Katy Daigle and Hugh Lawson)
The High Seas Treaty, signed in 2023, provides a legal framework for creating marine protected areas on the high seas, which are ocean areas beyond any national jurisdiction.
The treaty is necessary because oceans support economies and absorb a significant amount of carbon dioxide, but marine life is at risk due to pollution, overfishing, and climate change.
Currently, 60 countries need to ratify the treaty for it to go into effect; as of now, 50 countries have ratified it.
Once 60 countries ratify the treaty, it will enter into force 120 days later, and work will begin on setting up institutions and committees to implement it.
The conference will address overfishing, water pollution, threats to marine life, and explore financing options for marine protection.
Explore more articles in the Headlines category
