Joint Exploration Cayetano
Foreign affairs secretary alan peter cayetano on wednesday said working with china for joint exploration of undiscovered resources in the disputed south china sea would not be so bad for the philippines.
Joint exploration cayetano. Cayetano said at the press conference that china and the philippines are finding a common legal framework to conduct joint exploration and surveys. Manila despite stalled consensus on a draft joint exploration agreement last week foreign affairs secretary alan peter cayetano on monday said the talks with china on the partnership is on track. As a model for the possible accord cayetano cited a tripartite deal between the oil companies of the philippines vietnam and china for joint exploration of part of the south china sea that was signed under the government of then president gloria arroyo in 2005.
Department of foreign affairs dfa secretary alan peter cayetano denied on tuesday august 7 any oil and gas exploration with china in the west philippine sea. It will be a commercial venture. Cayetano said that the joint exploration of contested territories in the south china sea would not push through if both nations would continue to fight over it likening the agreement to a.
Subscribe to the abs cbn. The supposed official visit of chinese state councilor and foreign minister wang yi to manila on september 16 was expected to produce an approved draft on the joint exploration in the south china. I think that s a smarter thing to do.
Foreign affairs secretary alan peter cayetano gave assurance that the details on the joint exploration and development are being worked out similar to or much better than the malampaya contract so. The philippines will have everything to gain and nothing to lose in a joint exploration agreement with china former foreign affairs secretary alan peter cayetano said. Cayetano said that the joint venture between the two countries will be commercial in nature.
Then if we find out na wala then bakit tayo nag aaway.