Apr 4, 2012

ASEAN - Asean to draft rules of engagement with China

As soon as it has a firm position on the issue, Asean expects to begin talks with China on the disputed South China Sea territory.

"We are now moving to identify elements of the [regional] code of conduct on the South China Sea,” said Indonesia’s Foreign Minister Marty Natalegawa after a plenary session of the 20th Asean Summit in Phnom Penh on Tuesday.

"Once we have an Asean position, we will be communicating with China. Hopefully, we can have good progress on the code of conduct,” said Marty without citing any time frame to when the code of conduct would be completed.

The dynamics of the long-disputed territory have changed considerably since last year, after China agreed on the guidelines of the declaration of the code of conduct, Marty added.

Diplomats considered that the move represented significant progress to resolving the dispute because China was previously unwilling to engage in identifying the elements of conduct.

Parts of the South China Sea territory that contain a huge deposit of deepwater oil and gas, have been claimed by China and several Asean member states: the Philippines, Vietnam, Malaysia and Brunei Darussalam.

The Philippines and Vietnam have accused China of imposing its military muscle on the region, which has witnessed increased naval brinkmanship during the past few years.

Marty said Indonesia would maintain its position as a facilitator of resolutions in the dispute as it had done in the past, and would uphold diplomacy and dialogue to comply with existing international laws for the resolution.

"The continued dispute, if it is not well-managed, will destabilise the region,” said Marty.

"We see that the diplomacy, negotiations and dialogue based on international law, and laws of the sea, have become the preferred means of addressing the matter,” he said.

In other Summit developments, Asean member countries have stepped up efforts to consolidate free-trade agreements with the regions’ main trading partners, with Indonesia being appointed to take the lead in the process.

Trade Minister Gita Wirjawan said a working group would be set up to discuss the steps to realise the commitment this month, with the first focus on trade in goods.

Asean has agreed to establish a framework for a regional comprehensive economic partnership that will engage with six countries already sealing free trade agreements. They include Australia, China, India, Japan, South Korea and New Zealand.

The proposed “Asean+6” trade pact has been slated to become the world’s largest regional economic bloc.

"We expect that there will be more investment along with the agreement to help us climb up the value chain, which will significantly boost trade volume,” said Gita.

Linda Yulisman
The Jakarta Post

Business & Investment Opportunities 
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com

No comments:

Post a Comment