"The ship has reached the shore," conference chair Rena Lee announced at the UN headquarters in New York shortly before 9:30 pm (0230 GMT Sunday), to loud and lengthy applause from delegates. In a move seen as an attempt to build trust between rich and poor countries, the European Union pledged 40 million euros ($42 million) in New York to facilitate the ratification of the treaty and its early implementation. In 2017, the UN General Assembly adopted a resolution calling on nations to establish a high seas treaty