‘Pragmatic’ Manila barters South China Sea territory for oil deal

Facebooktwittergoogle_plusredditpinterestlinkedinmail

The Philippines has relinquished its legal win over the right to territory in the South China Sea, handing a significant victory to China in its claim to sovereignty over the strategically important shipping lane.

Manila and Beijing are negotiating a deal that would enable them jointly to exploit an underwater oil and gas field. In 2016 an international tribunal ruled that the Philippines had exclusive rights over certain areas of the South China Sea, a decision angrily rejected by China.

https://www.thetimes.co.uk/article/pragmatic-manila-barters-south-china-sea-territory-for-oil-deal-nt5ggsdcj

Facebooktwittergoogle_plusredditpinterestlinkedinmail