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China-Philippines agreement limits commitment to further talks

The MOU signed by China and the Philippines on Tuesday to cooperate on oil and gas exploration commits the two countries only to establishing an “inter-governmental steering committee” for further talks
By Staff reporter 23 November 2018 Asia Pacific / Exploration & Production 0 33428

The memorandum of understanding (MOU) signed by China and the Philippines on Tuesday to cooperate on oil and gas exploration commits the two countries only to establishing an “inter-governmental steering committee” for further talks, CNN Philippines reported on Friday, citing a copy of the MOU obtained by the broadcaster.

The document says that “the two governments will endeavour to agree on the cooperation arrangements within 12 months of this MOU”.

It adds that negotiations will adhere to international law and will...