In her column published on manilatimes.net on Dec. 23, 2023, Anna Malindog-Uy proposed, among others, possible joint ventures in the utilization of the
published on manilatimes.net on Dec. 23, 2023, Anna Malindog-Uy proposed, among others, possible joint ventures in the utilization of the resources in the South China Sea to pave the way for a non-confrontational resolution of maritime and territorial claims involving the Philippines and China.
Uy proposed that the Philippines and China “should rather focus on win-win pragmatic cooperation instead of conflict/dispute in the SCS and focus on ‘low politics’ like possible joint ventures in how the maritime resources of the SCS should be managed, harnessed, and developed jointly that would benefit both sides tangibly and amicably.”
The decision reads: On March 14, 2005, CNOOC, PETROVIETNAM, and PNOC , with the authorization of their respective Governments, signed the JMSU in Manila, Philippines. The JMSU has a term of three years, starting from the date of commencement of its implementation . According to its fourth whereas clause, its execution is an expression of the Parties commitment “
In granting the petition, the Court said the PNOC “bargained away the State’s supposed full control of all the information acquired from the seismic survey as the consent of CNOOC and PETROVIETNAM would be necessary before any information derived therefrom may be disclosed.” Petitioners argued that the JMSU was illegal as it allowed foreign corporations wholly-owned by China and Vietnam to undertake large-scale exploration of the country’s petroleum resources, in violation of the Constitutional provision which reserves the EDU of natural resources to Filipino citizens, or corporations or associations at least sixty percent of whose capital is owned by such citizens,” the SC said in aAs with all our other reports, MindaNews welcomes leads or suggestions from the...
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