 In some situations (such as with the Phoenix Islands Protected Area), MPAs also provide revenue for countries, potentially equal to the income that they would have if they were to grant companies permissions to fish.On 28 October 2016 in Hobart, Australia, the Convention for the Conservation of Antarctic Marine Living Resources agreed to establish the first Antarctic and largest marine protected area in the world encompassing 1.55 million km2 (600,000 sq mi) in the Ross Sea.Other large MPAs are in the Indian, Pacific, and Atlantic Oceans, in certain exclusive economic zones of Australia and overseas territories of France, the United Kingdom and the United States, with major ( or larger) new or expanded MPAs by these nations since 2012—such as Natural Park of the Coral Sea, Pacific Remote Islands Marine National Monument, Coral Sea Commonwealth Marine Reserve and South Georgia and the South Sandwich Islands Marine Protected Area.