China’s top diplomat State Councilor Wang Yi said that China is set to advance cooperation with the Philippines on oil and gas exploration in the South China Sea in a “prudent and steady way.”
“We will enhance maritime dialogue and pursue equal-footed and friendly consultation and in a prudent and steady way advance cooperation on offshore oil and gas exploration,” Wang was quoted as saying in a Reuters report.
This statement of Wang was made after his meeting with Philippine Foreign Affairs Secretary Alan Peter Cayetano.
Moreover, the senator said that Philippines and China are finding a common legal framework to conduct joint exploration and surveys.
Cayetano added that with the discussions he had with Wang, he is confident that a suitable legal framework for the differences will be made.
DAILY NEWS ROUND UP FOR 03/ 22 /18