As an archipelagic nation, Indonesia has plenty of natural
resources, including renewable resources (e.g. fisheries, coral
reefs, mangrove and sea grass), non-renewable resources (e.g. oil,
gas, and minerals), maritime energy (e.g. wave power, tidal power,
current power, and ocean thermal energy conversion), and the sea,
as a medium for business on environmental service (e.g. transport,
communication, attraction, education, research, and security). If
managed and developed optimally, these resources can earn Indonesia
at least US$ 1.2 trillion annually. To manage and develop such
resources, Indonesia needs a robust legal framework, especially to
regulate the rights and obligations of the government in managing
and developing the vast ocean and waters. After 69 years of
independence, Indonesia enacted Law No. 32 of 2014 on Maritime
("Maritime Law") to hopefully provide an effective legal
framework for managing and developing the country's maritime
resources.
