The President said Xi told him during their meeting in Beijing in August that if he ignored the 2016 ruling of the UN-backed Permanent Court of Arbitration, China would agree to be the junior partner in the proposed joint venture to develop gas deposits in Recto Bank, located in the West Philippine Sea, waters within the Philippines’ 370-kilometer exclusive economic zone in the heavily disputed South China Sea.
“On the contrary, China agrees with the Philippines to disagree on their respective claims,” Locsin said. After Xi’s visit to the Philippines in November last year, Guevarra vouched for the legal soundness of a joint exploration deal, saying there was no need for the Senate to ratify it because it was not a treaty.
“It’s just [a memorandum of understanding], it’s noncommittal, nonobligatory and nonbinding from a legal standpoint. It’s a mere expression of mutual desires,” Guevarra said.Arbitral ruling The United States has called that bullying and coercion aimed at denying rivals’ access to their energy assets. A joint project with China has been talked about for decades, but has gone nowhere because of their competing claims.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duterte: Energy deal OK with China if PH drops claimPresident Rodrigo Duterte said that Chinese President Xi Jinping had offered the Philippines a controlling stake in a proposed joint energy venture in the West Philippine Sea if it would set aside an international arbitral ruling award that went against... If this ain't treason Magpapakamatay ka na kamo? Kelangan mo ng tulong? yan ay kung tutupad yan si xi
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Duterte ready to 'ignore' arbitral ruling for joint exploration deal with China - The Manila TimesPRESIDENT Rodrigo Duterte will set aside the arbitral ruling on the South China Sea to make way for the joint oil and gas exploration with Beijing.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Duterte: PH in trouble if Robredo becomes presidentMANILA, Philippines — President Rodrigo Duterte on Tuesday night warned that the Philippines would be in trouble if Vice President Leni Robredo became the president. “Oh ma’am, if you are President of the Philippines, we’re dead. You do not even read the book and that is the major policy,” the President said. In two of […]
Source: cebudailynews - 🏆 8. / 71 Read more »
HAPPENING NOW: President Rodrigo Duterte speaks at the oath-taking ceremony of the Malacañang Press Corps. www.cnn.ph Duterte: Rest assured the government will never waver in supporting press freedom and free speech. Why his face is so dark ?
Source: CNN Philippines - 🏆 13. / 63 Read more »
Joint oil, gas exploration deal won't compromise PH arbitral win: Locsin
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Duterte: PH in trouble if Robredo becomes presidentPresident Rodrigo Duterte said he quoted from the Anti Graft and Corrupt Practices Act when he told policemen in Camp Crame in August that they may accept gifts of nominal value given to them by grateful citizens. Read: sabi ng pangulong laging nasa harap ng telebisyon.. ctto Coming from a guy who said Faeldon is an upright person 😆😆😆 DU💩 hahahaha naloko na hahaha
Source: inquirerdotnet - 🏆 3. / 86 Read more »