The Moon Agreement 1979

The Moon Agreement 1979

The treaty was concluded in 1979 and entered into force in 1984 for the raking parties, provided that five ratifying States had been completed. As of July 2019, only eighteen states are parties to the 1979 Lunar Convention. The objection to the 1979 lunar agreement, often raised, is that the 1979 lunar agreement requires that the extracted resources (and the technology used for this purpose) be shared with developing countries that have not invested funds or taken risks to enable the exploitation of lunar resources. Article 8 of the 1979 Lunar Agreement states that “1. States Parties may carry out their exploration and exploitation of the Moon anywhere on or below its surface, subject to the provisions of this Convention. 2.


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