This lecture discusses the Exclusive Economic Zone (EEZ) as defined by UNCLOS, emphasizing its legal status, the rights and responsibilities of coastal states, and the management of its resources. The EEZ extends up to 200 nautical miles from baseline, granting coastal states sovereign rights over natural resources while incorporating obligations to respect the rights of other states. It critiques the EEZ's impact on equity in resource distribution, suggesting that developed nations benefit disproportionately from its provisions.