MANILA (Reuters) - Duterute president of the Philippines, in a recent meeting with Xi Jinping Jintao of China, on the condition that the judgment of the Court of Arbitration rejected the Chinese claims in the South China Sea Philippine side to ignore, Doumi Clarified that it has received a proposal to transfer a majority of the gas joint development interests in the Philippines to the Philippines.
According to Cheong Wa Dae, Duterte will be in the Philippines' exclusive economic zone (EEZ) if he can “put aside” the arbitration award and the claim of territorial rights of the Philippines to reporters later in the day. He introduced that 60% of the interest in the joint bank's gas development project was transferred to the Philippines, and Xi suggested that the remaining 40% would be maintained.
Comments from Mr. Duterte are not received from the Chinese Ministry of Foreign Affairs and the Chinese Embassy in the Philippines.
The Arbitration Court in The Hague, the Netherlands, has completely rejected China's sovereignty claims in 2016 and has made a decision to clarify the Philippines' right to develop a lead bank gas field approximately 85 km off the Philippines. . China does not accept this judgment.
So far, Mr. Duterte has avoided conflicts with China, such as the creation of artificial islands in the South China Sea. If the Philippines ignores the arbitral award and agrees to cooperate with China, countries such as Vietnam and Malaysia that have competed with China for territorial rights over the sea resources will be placed at a disadvantage.
Duterte has not disclosed whether he agreed with Xi's proposal. However, he stated that the EEZ part of the arbitral award was “ignored to secure economic activity”.