President Ferdinand “Bongbong” R. Marcos Jr. said countries even beyond Asia have the “moral and legal” obligation to help prevent the eruption of conflict in the South China Sea since it could plunge the world in an economic crisis.
PRESIDENT Ferdinand “Bongbong” R. Marcos Jr. said countries even beyond Asia have the “moral and legal” obligation to help prevent the eruption of conflict in the South China Sea since it could plunge the world in an economic crisis.
“Let us be guided by the universal principles of peaceful coexistence and friendly cooperation as laid out in the Treaty of Amity and Cooperation in Southeast Asia. As High Contracting Parties to the Treaty, we have a moral and legal obligation to work towards finding resolutions and not resort to inciting conflicts. That path leads us only to perdition,” Marcos said during the summit.
Asean is currently crafting the long-awaited Code of Conduct in the South China Sea, to be based on the United Nations Convention on the Law of the Sea and the regional bloc’s Declaration on the Conduct of Parties in the South China Sea , to prevent the escalation of the disputes in the area.Any restrictions in the passage of ships in the South China Sea, the President said, will have a significant impact in global trade.
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