The Assembly of the International Seabed Authority

 
The Assembly’s duties are broadly categorized into policy-making and administrative functions:
Policy Formation
The Assembly establishes general policies in accordance with UNCLOS and the 1994 Agreement, ensuring the regulation of seabed activities aligns with international law.
Administrative Oversight
Specific responsibilities include:
Elections: Selecting members of the Council, other key bodies, and the Secretary-General.
Budget Approval: Sanctioning ISA’s two-year budget and determining member contributions.
Regulatory Frameworks: Approving rules and regulations governing prospecting, exploration, and exploitation of seabed resources.
Report Analysis: Reviewing annual reports from the Secretary-General and other relevant bodies.
Future Mandates
As deep-sea mineral exploitation progresses, the Assembly will play a crucial role in ensuring equitable sharing of financial benefits derived from seabed activities. Additionally, it will oversee compensation mechanisms for developing countries affected by diminished export earnings due to seabed production.
This broad spectrum of responsibilities highlights the Assembly’s essential function in shaping and monitoring the sustainable use of seabed resources