Philippines and Vietnam seal deals on South China Sea security and rice

Published Jan 30, 2024

Tridge summary

The Philippines and Vietnam have agreed to strengthen their coastguard cooperation to prevent incidents in the South China Sea, a move that could potentially upset Beijing. This agreement was announced during a state visit by Philippine President Ferdinand Marcos Jr. to Vietnam. The two countries have also signed a Memorandum of Understanding on Incident Prevention and Management in the South China Sea and a Memorandum on Maritime Cooperation. Furthermore, Vietnam, a significant rice exporter, has committed to a five-year trade agreement to supply white rice to the Philippines.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

HANOI — The Philippines and Vietnam agreed on Tuesday to boost cooperation among their coastguards and to prevent untoward incidents in the South China Sea, in an announcement during a state visit by Philippine President Ferdinand Marcos Jr. Philippines and China have competing claims over some parts of the South China Sea, a conduit for $3 trillion of annual ship-borne trade that China claims almost in its entirety. The agreement in Hanoi, details of which were not disclosed, could risk angering Beijing, which has deployed its vast fleet of coastguard throughout the South China Sea to police its expansive territorial claims. The Presidential Communications Office (PCO) said a Memorandum of Understanding on Incident Prevention and Management in the South China Sea and a Memorandum on Maritime Cooperation have been inked between the two countries. The PCO said under the deal on incident prevention, the two nations agreed to enhance coordination regarding maritime issues ...

Source: Gmanetwork