THE South China Sea (SCS) is a linchpin for global economic activity, acting as a crucial artery for international trade with an estimated annual commerce volume of $3.5 trillion to $5 trillion.
THE South China Sea is a linchpin for global economic activity, acting as a crucial artery for international trade with an estimated annual commerce volume of $3.5 trillion to $5 trillion. Its significance as a strategic maritime hub lies in its ability to connect major Asian economies, fostering economic interdependence and generating diverse investment opportunities.
SCS COC Most importantly, constructive relations between and among claimant states, coupled with multilateralism within the ambit of international laws and the Asean, and pushing for the China-Asean COC for the SCS, are also essential considerations for settling the dispute.
Shared Prosperity: Maritime Trade And Investment Synergies In The SCS
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