Nov. 28 (Bloomberg) -- Colombia won’t recognize the right of an international court in The Hague to rule in territorial disputes after the court awarded Nicaragua sovereignty over waters surrounding seven Colombian islands in the Caribbean.
“We’re withdrawing from the Bogota pact,” Interior Minister Fernando Carrillo said in an interview today, referring to the 1948 agreement that set up the arbitration system.
Territorial and maritime borders should be set by treaties and not court rulings, President Juan Manuel Santos also said today, according to en e-mailed statement from his office.
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