China, ASEAN countries agree to form South China Sea framework by 2017
Posted on:18 Aug 2016 09:06:58
18 August 2016 Current Affairs: China and ten member countries of Association of Southeast Asian Nations (ASEAN) have agreed to form a framework for a code of conduct to ease tension in disputed South China Sea. The agreement was reached between both sides during a meeting at Inner Mongolia in northern China held on August 15 and 16, 2016.
The two sides also agreed to get the framework for the code of conduct done by mid-2017. They also approved guidelines for a China-ASEAN hotline for use during maritime emergencies. They also agreed that a pact on unplanned maritime encounters signed by countries in the region in 2014 is applied to the SCS.
This decision is considered as a significant rapprochement between China and ASEAN bloc, especially after Permanent Court of Arbitration (PCA) ruling against China in July 2016. The PCA had ruled that China has no historical title over the disputed South China Sea and it has breached the Philippines sovereign rights. However, China had dismissed the ruling and had urged bilateral talks to resolve the issue.
Since 2010, China and the 10 members of ASEAN have been discussing a set of rules aimed at avoiding conflict among rival claimants in the busy waterway in South China Sea. China based on historical assumptions has claimed almost the entire South China Sea as its part. ASEAN members Brunei, Malaysia, Philippines, Vietnam and Taiwan (not member) also have claimed their rights in the sea through which more than $5 trillion of trade moves annually and is believed to be rich in energy deposits.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail