Why are exclusive economic zones EEZs important sources of income for many of the Pacific Island nations?

Exclusive Economic Zones (EEZs) are crucial for many Pacific Island nations as they provide sovereign rights over marine resources within a 200-nautical-mile radius from their Coastlines. These zones allow countries to sustainably exploit fisheries, oil, gas, and other marine resources, generating significant revenue through licenses and taxes. Additionally, EEZs contribute to food security and provide livelihoods for local communities dependent on fishing. The management of these resources can lead to economic growth and development, making EEZs vital for the economies of Pacific Island nations.