ANI
25 Jun 2022, 22:07 GMT+10
Manila[Philippines], June 25 (ANI): The Philippines has terminated talks with China for a joint energy project in the South China Sea after President Rodrigo Duterte ordered an end to negotiations, according to a media report.
According to Teodoro Locsin, the foreign secretary of the Philippines, Manila has terminated talks with Beijing over joint oil and gas exploration in the South China Sea, NHK World reported.
During a speech in Manila on Thursday, Teodoro Locsin said that outgoing President Rodrigo Duterte had ordered the complete termination of the discussions.
The Philippines and China have conflicting territorial claims in the South China Sea. But in 2018 Duterte signed a memorandum with Chinese President Xi Jinping on joint resource exploration.
China later proposed a joint project in the Philippines' exclusive economic zone. One condition set by Beijing was to put aside an international arbitration ruling that rejected China's claim over most of the South China Sea.
The two countries had been discussing how to realize the plan.
"Three years on and we had not achieved our objective of developing oil and gas resources so critical for the Philippines but not at the price of sovereignty. Not even a particle of it," Locsin has said, as per NHK World.
He also called on the incoming Philippine administration to protect the country's sovereignty.
President-elect Ferdinand Marcos Jr is set to take office on June 30.
For decades, China has been in disputes with several countries in the Asia-Pacific region over the territorial belonging of a number of islands in the South China Sea, on the shelf of which significant reserves of hydrocarbons have been discovered.
The situation in the region is often complicated by the passage of US warships here, which, according to the Chinese Foreign Ministry, violate international law and undermine China's sovereignty and security. Despite protests from Beijing, Washington has repeatedly said that the United States will float wherever international law permits. (ANI)Get a daily dose of Salt Lake City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.
More InformationDUBLIN, Ireland: April 2025 saw a slight improvement in the labor market, with the seasonally adjusted unemployment rate dropping to...
LONDON, U.K.: Grocery prices in the UK rose by 3.8 percent in April, slightly higher than last month's 3.5 percent, adding more pressure...
HONG KONG: Hong Kong's housing market continued to lose ground in March, with home prices falling for a fourth straight month despite...
BEIJING, China: China's top airlines are still grounded in red ink, reporting steeper losses for the first quarter as they battle fierce...
WASHINGTON, D.C.: General Motors is recalling more than 720,000 vehicles globally over a defect linked to its 6.2L V8 engines, the...
ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...
WASHINGTON, D.C.: The U.S. State Department has started a second round of its deferred resignation program, according to an internal...
ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...
NEW YORK, New York - A better-than-expected jobs report boosted U.S. stock markets Friday. Total nonfarm payroll employment increased...
FAYETTEVILLE, West Virginia: Earlier this month, U.S. President Donald Trump signed orders to allow more coal mining on federal land...
NEW YORK, New York - U.S. stocks forged higher and the U.S. dollar regained ground Thursday as investors shrugged off concerns about...
WASHINGTON, D.C.: President Donald Trump's administration warned over the weekend that it might limit livestock imports from Mexico...