Easing geo-economic tensions in the South China Sea
Interestingly, the Sea itself controls a major chunk of the global maritime trade. Therefore, the whole scenario needs to be revisited in context of its influence on at least three significant stakeholders—the region itself, the US and India.
The region constitutes primarily China and the countries of ASEAN including the Philippines, Vietnam, Brunei Darussalam and Malaysia, who have been seeking sovereign rights on their respective territorial claims in the Sea for more than three decades. However, the issue of discord is the parallel and competing claims, with states like Vietnam and the Philippines accusing China of violating the 1982 United Nations Convention on the Law of the Sea (UNCLOS).
Among the various issues covered under the UNCLOS, like those pertaining to navigation, marine environment protection, transit regimes, and continental shelf (that is, a seabed adjacent to the shore of a state), the one on exclusive economic zones (EEZ) is
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