@redonihunter: I guess that doesn’t apply everywhere. The URL shortener bit.ly isn’t really located in Lybia, and the t.co isn’t in Colombia either.
I know that Catalunia handler (for .cat domains) restricts this TLD only for sites in Catalan language or related to the Catalunia… but doesn’t have territorial restrictions.
I think that it’s the ruler who makes the rules… And if I was the owner of a small-territory / small-population TLD, I think I’d open it for foreigners, because it’d increase my potential income.