China and Vietnam sign deal on South China Sea dispute

[Hafizzz]

China and Vietnam sign deal on South China Sea dispute
BBC News - China and Vietnam sign deal on South China Sea dispute

China and Vietnam have signed an agreement to manage a sometimes bitter dispute over the South China Sea.

The deal outlines a series of measures, including a hotline to deal with emergencies and a provision for authorities from both countries to meet twice a year.

This agreement comes after months of tension.

The South China Sea potentially holds vast oil and gas reserves, and is an important shipping route.

Any final agreement on maritime borders should be based on international law, the deal says - and be acceptable to both sides.

There should also be more co-operation in the South China Sea, on such things as scientific research.

These are fine words - but they might be difficult to put into practice.

The two sides have argued repeatedly this year over who has sovereignty over this contentious body of water.

Ships from the two counties clashed a few months ago - and there were anti-China demonstrations in Hanoi.

The dispute over sovereignty involves a number of nations - not just China and Vietnam.

Getting them all to agree on who owns what will not be easy.

 

[SpArK]

Good development..

Now we can dig for oil peacefully in South China Sea.

 

[jdme]

Wonderful. Now Indian oil company can peacefully explore oil in East Sea.

---------- Post added at 07:31 AM ---------- Previous post was at 07:30 AM ----------

Good development..

Now we can dig for oil peacefully in South China Sea.

Exactly. This is a good news for India.

 

[Vibs]

Awesome!!!! Especially significant after the recent India-Vietnam accord.

 

[SpArK]

Wonderful. Now Indian oil company can peacefully explore oil in East Sea.

---------- Post added at 07:31 AM ---------- Previous post was at 07:30 AM ----------



Exactly. This is a good news for India.

Any legal agreements are good for our prospects and thanks a million for Hafizzz to bringing this news.. You rock buddy.

 

[NoMoney]

Any final agreement on maritime borders should be based on international law, the deal says - and be acceptable to both sides.

There should also be more co-operation in the South China Sea, on such things as scientific research.

Hope China cna understan what is international law.

Maybe that why, VN-Camb allow China to seek oil in Cambodia where having No disputed zone

A Chinese Company To Begin Oil Exploration in Cambodia’s Offshore in Late October

AKP Phnom Penh, October 11, 2011 –

The China National Offshore Oil Corporation (CNOOC) would begin by the end of this month its oil and gas exploration in Cambodia’s offshore, nearly 40 kilometers south off the coast of Sihanoukville.

» A Chinese Company To Begin Oil Exploration in Cambodia

 

[NoMoney]

duplicated post

 

[Hemlock]

At this rate ,I think if India ventures into Philippines sea for oil exploration then Chinese would solve their dispute with Philippines too. .
Well, the ONGC's tag line should be 'Regional peace through oil exploration'

 

[SpiritHS]

Good development..

Now we can dig for oil peacefully in South China Sea.

It is a fact that all cooperation projects between Vietnam and india in the field of oil and gas are located on the continental shelf, within the exclusive economic zone and under the sovereign rights and jurisdiction of Vietnam, entirely in conformity with international laws, especially the 1982 UN Convention on the Law of the Sea

 

[EastWest]

It is a fact that all cooperation projects between Vietnam and india in the field of oil and gas are located on the continental shelf, within the exclusive economic zone and under the sovereign rights and jurisdiction of Vietnam, entirely in conformity with international laws, especially the 1982 UN Convention on the Law of the Sea

Good to know dude !

Let us prosper together..

 

[IndoCarib]

Great news . Thank you Hafizz. Vietnam and China should sort out their differences ASAP. Makes our job easier !

 

[Hafizzz]

China, Vietnam eye joint development of South China Sea
AFP: China, Vietnam eye joint development of South China Sea

China and Vietnam want to discuss joint development of the South China Sea, state media reported on Saturday as Vietnamese communist party head Nguyen Phu Trong wrapped up a visit.

The potentially oil-rich waters are at the centre of a territorial dispute between the neighbours.

"The leaders of the two (communist) parties and countries will keep frequent communication and dialogue on the maritime issues," according to the text of a joint statement quoted by Xinhua news agency.

"Both sides will seek steady progress in negotiations regarding the maritime demarcation of the bay mouth of the Beibu Gulf (Gulf of Tonkin) and discuss the joint development of the sea area," the statement said.

"Neither side shall allow any hostile force to destroy the relations between the two parties and the two countries," it said.

China and Vietnam have a long-standing dispute over sovereignty of the Paracel and Spratly island groups, which are in oil-rich waters straddling vital commercial shipping lanes in the South China Sea.

In July a Chinese warship confronted an Indian naval vessel in waters off Vietnam and demanded it to explain its presence.

China says it has sovereignty over essentially all of the South China Sea, a key global trading route, where its professed ownership of the Spratly archipelago overlaps with claims by Vietnam, the Philippines, Taiwan, Brunei and Malaysia.

Vietnam and the Philippines have reported a rising number of incidents with China, citing in particular harassment of their fishermen by Chinese vessels.

The United States also made an appeal for calm Friday after reports that Taiwan was preparing to deploy missiles in the South China Sea.

Beijing routinely rejects US "interference" in the region and says it intends to resolve its territorial disputes on a bilateral basis with the countries concerned.

Trong's visit to China was his first since he was appointed in January as secretary general of the Communist Party of Vietnam.

The two communist countries, which fought a brief border war in 1979 before normalising relations in 1991, also agreed to strengthen cooperation against illegal border crossings, Xinhua reported.

Chini Vietnamese Bhai Bhai.
Hindi Vietnamese Bye Bye !

 

[NiceGuy]

"Neither side shall allow any hostile force to destroy the relations between the two parties and the two countries," it said.

Chini Vietnamese Bhai Bhai.
Hindi Vietnamese Bye Bye !

our diplomat say it every day, China is our 'Golden friends', bro.....but we never let China control SCS(east sea)

 

[secularbuster]

Editorial：India-Vietnam oil exploration deal must be stopped
(Global Times)
13:13, October 14, 2011

India and Vietnam inked an agreement for joint oil exploration in the South China Sea on Wednesday. Both countries clearly know what this means for China. China may consider taking actions to show its stance and prevent more reckless attempts in confronting China in the area.

Just one day after signing an agreement on ground rules to resolve maritime disputes in Beijing, Hanoi reached an agreement with New Delhi for joint exploration. It is hard to tell if this shows a double-dealing mentality from Hanoi, or a disagreement among Vietnam's top decision-makers.

 

[Hafizzz]

our diplomat say it every day, China is our 'Golden friends', bro.....but we never let China control SCS(east sea)

Vietnamese diplomats say that they will drill oil in China's backyard with India everyday but you have yet to see and Vietnamese and Indians drilling for Oil in China's backyard.