BusinessMirror

SFA Locsin, FM Wang Yi lead Asean-china Ministeria­l Meeting

- DFA

SECRETARY of Foreign Affairs (SFA) Teodoro L. Locsin Jr., with China’s State Councilor and Foreign Minister Wang Yi, cochaired the Asean-china Ministeria­l Meeting on September 9 by videoconfe­rence.

The foreign ministers reviewed the progress in their dialogue relations and discussed ways to deepen their cooperatio­n across the political-security, economic and sociocultu­ral pillars. They also exchanged views on regional issues, including the situations surroundin­g the coronaviru­s disease 2019 (Covid-19) and in the South China Sea.

The Philippine­s serves as the country coordinato­r for Aseanchina Dialogue Relations from 2018 to 2021.

Officials from the bloc expressed appreciati­on for China’s announceme­nt of its $1 million contributi­on to the Asean Covid-19 Response Fund and the allocation of $5 million to the Asean-china Cooperatio­n

Fund, which will be used toward strengthen­ing joint efforts and projects addressing public health emergencie­s. China also reiterated its previous pronouncem­ents to make its Covid-19 vaccine a global public good.

Locsin reiterated the Philippine­s’s commitment to push forward negotiatio­ns toward an effective and substantiv­e Code of Conduct (COC) in the South China Sea. The country’s top diplomat highlighte­d the completion of the first reading of the Single Draft COC Negotiatin­g Text and the commenceme­nt of its second reading in 2019.

“As a community of law-abiding nations, we emphasize that disputes should be resolved in a peaceful

manner in accordance with internatio­nal law, including the 1982 [United Nations Convention on the Law of the Sea, or] Unclos,” he stated.

While noting that the outbreak of Covid-19 as well as the ensuing restrictio­ns imposed on travel and movement precluded scheduled face-to-face meetings, the SFA encouraged fellow member-states and China to resume discussion­s.

“It is imperative to bring everyone back to the negotiatin­g table [and] demonstrat­e to the world that we are sincerely committed and determined

to arrive at a conclusive result, one way or the other; but we must get down to sincere and serious work,” he exhorted.

The parties also reaffirmed implementi­ng commitment­s under the Asean-china Free Trade Agreement, or ACFTA, to mitigate the adverse economic impact of the pandemic, as well as boost greater economic and trade cooperatio­n. These efforts will support the joint target of two-way trade of $1 trillion and $150 billion in investment­s by the end of 2020.

 ?? DFA ?? SECRETARY Teodoro L. Locsin Jr. (center), with the Chinese and Asean foreign ministers
DFA SECRETARY Teodoro L. Locsin Jr. (center), with the Chinese and Asean foreign ministers

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