Diplomatic stand-off between the Philippines and China
PHILIPPINES
- Report
06 May 2024
by Diwa Guinigundo
The economic implications of the maritime and diplomatic stand-off between the Philippines and China cannot be overemphasized. Since the Philippines is expected to continue documenting and exposing similar attempts of China to expand its territories, and China would invariably deny them, the significant trade and investment activities between the two countries may be upset. It is best to consider that since the dispute is diplomatic, the solution should remain diplomatic and settled in accordance with international law anchored on preserving national sovereignty, and regional peace and stability. Until this is considered, the cloud of uncertainty in the economy is likely to remain.
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