Aside from the Philippines and China, Vietnam, Malaysia, Brunei, and Taiwan also have claims in the South China Sea, which is crisscrossed by vital sea-lanes through which billions of dollars in global commerce passes every year and where islets, reefs, and atolls are believed to be sitting atop vast energy reserves.
The court ruling also invalidated China’s claims over nearly all of the South China Sea based on its nine-dash line myth. He said China’s response was “very unlike the Chinese reaction to Vietnamese and Malaysian exploration activities in the latter’s EEZ in the South China Sea.”“The MOU and TOR arrangement will satisfy the objective of the Philippines to preserve its sovereign rights in the EEZ in the West Philippine Sea,” Carpio said. It would also allow “China, through its state-owned enterprise CNOOC and CNOOC’s partners, to get 40 percent of the net proceeds of the gas in Reed Bank,” he said.
“If China pursues and sticks to the MOU and TOR arrangement, the maritime disputes in the entire South China Sea will be settled peacefully, to the satisfaction of all disputant states,” Carpio said.
FMangosingINQ Nothing is encouraging. It seems that AJ Carpio is making this look good, making the enemy look good, when it is not. Is he changing color? We are watching, AJ Carpio. Our loyalty is to whomever is loyal to and truly care for our country. We will drop anyone who betrays us.
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