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1982: Agreement Instituting The Latin American Organization For Fisheries Development (oldepesca)Related Lineage is: Provisions coded as containing the code: SOVR
||Considering that, the Action Committee of Sea and Freshwater Products was set up for the purpose of exercising the sovereign rights of each of the Latin American States in order to exploit and properly use their fishery resources, and that establishment is based on the principles of equality, sovereignty, independence of States, non-intervention in domestic affairs and mutual respect among Member States given the importance of Fisheries in the economies of these countries and the nourishing of their people;
||The actions of OLDEPESCA shall be based on the principles of equality, sovereignty, independence of the States, solidarity, non-intervention in domestic affairs and respect for the different political, economic and social systems, in accordance with the Declaration of Principles of International Law and with reference to relations of friendship and cooperation between States in accordance with the Charter of the United Nations unanimously approved at the General Assembly of the U.N. during its XXV Session, and respect for the sovereignty of States over their fishery resources.
||OLDEPESCA replaces the Action Committee on Sea and Freshwater Products set up in Lima, Peru, and consequently, the activities and projects which have not been completed by the Action Committee shall become part of OLDEPESCA’s activities.
||Similarly, all the financial assets of the aforementioned Committee, as well as the financial commitments of the Member Countries, shall be transferred to OLDEPESCA.