A 130 year-long maritime border dispute between Chile and Peru appears to have been resolved by the International Court of Justice in the Hague. <br /><br />The dispute dates from the 1880’s War of the Pacific and centres on 38,000 square-kilometres of coastal fishing grounds. <br /><br />The compromise formula from the Hague sees Peru getting the larger cut, but Chile retaining superior fishing grounds. <br /><br />Both countries have pledged to abide by the ruling, which should improve ties between two of the region’s fastest growing economies. <br /><br />The entire disputed area is worth around 150 million Euros a year in marine resources. Half of that is lucrative anchovy fishing within 15 kilometres of the shore.
