The adoption followed an agreement reached in March by more than 100 countries on the of text of the High Seas Treaty, also known as the Biodiversity Beyond National Jurisdiction treaty, after more than 15 years of discussions and five rounds of U.N.-led negotiations.

In approving the text, member states have “pumped new life and hope to give the ocean a fighting chance,” Guterres said in a statement.

The agreement will be open for signature in New York for two years starting Sept. 20, the day following a summit on the U.N. sustainable development goals. It will take effect after 60 countries ratify the agreement, according to the U.N.

The pact is a key plank in efforts to put 30% of the world’s land and sea under environmental protection by 2030, a goal set in December.

Among other provisions, the legally binding agreement would govern sharing benefits derived from marine genetic resources beyond national jurisdictions, creating protected areas on the high seas and establishing a framework for assessing environmental damage.

(Reporting by Douglas Gillison; Editing by Lisa Shumaker)