Solution:The Exclusive Economic Zone (EEZ) is defined under the United Nations Convention on the Law of the Sea (UNCLOS). It extends up to 200 nautical miles from a state’s baseline.Within the EEZ, a state has special rights to explore and exploit marine resources—like fishing, oil, and gas. However, it does not have full sovereignty (as it does on land or in territorial waters);
instead, it has sovereign rights for specific purposes. Thus, the statement claiming full sovereignty over the EEZ is incorrect.