The Government of Guyana yesterday hailed the 124th anniversary of the arbitral award that settled the boundary with Venezuela and reiterated that it is awaiting settlement at the World Court of the controversy that arose over the border in 1962
In a statement, the government said: “As Guyana commemorates the anniversary of the Arbitral Award of 3 October, 1899, we continue to adhere to and embrace the rules of international law and respect our pacta sunt servanda (agreements must be kept) obligation”.
It noted that Guyana instituted proceedings against Venezuela by Application to the International Court of Justice on 29 March 2018 asking the Court to settle the controversy that has arisen as a result of Venezuela’s contention, formally claimed for the first time in 1962, that the 1899 Arbitral Award Regarding the Boundary between the Colony of British Guiana and the United States of Venezuela was null and void.