<P> The Arctic consists of land, internal waters, territorial seas, exclusive economic zones (EEZs) and high seas . All land, internal waters, territorial seas and EEZs in the Arctic are under the jurisdiction of one of the eight Arctic coastal states: Canada, Norway, Russia, Denmark (via Greenland), Iceland, Sweden, Finland and the United States . International law regulates this area as with other portions of the Earth . </P> <P> Under international law, the high seas including the North Pole and the region of the Arctic Ocean surrounding it, are not owned by any country . The five surrounding Arctic countries are limited to an exclusive economic zone (EEZ) of 200 nautical miles (370 km; 230 mi) adjacent to their coasts . The waters beyond the EEZs of the coastal states are considered the "high seas" (i.e. international waters). The sea bottom beyond the exclusive economic zones and confirmed extended continental shelf claims are considered to be the "heritage of all mankind" where exploration and exploitation of mineral resources is administered by the UN International Seabed Authority . </P>

Which two countries have overlapping territorial claims in the arctic circle