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Significance

Foreign ministers of the ten ASEAN countries and China have endorsed a single draft negotiating text (SDNT) regarding a Code of Conduct (CoC) for the South China Sea. The South China Sea dispute involves maritime territorial and jurisdictional disagreements.

Impacts

The Philippines and China will proceed with discussions on the joint development of resources in disputed areas of the South China Sea.

Vietnam will prioritise offshore development with Russia, believing it will dissuade Chinese pushback.

Washington will continue to undertake freedom of navigation operations around China’s artificial islands, irking Beijing.

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