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International relations

Heated power game plays out for Arctic Ocean resources

International cooperation effort aims to avoid 'another South China Sea'

Retreating Arctic ice means increased competition for the region's vast natural resources.   © Reuters

TOKYO -- As the chill of the Arctic Ocean subsides and resources there become more accessible, countries are vying to exploit this largely untapped region.

Fishing and energy top the list, with Japan, the U.S., China, Russia and the European Union already moving toward regulating the former.

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