EconomyEditor's PickBiden, Marcos discuss tensions in South China Sea

September 23, 2022
PRESIDENT Ferdinand R. Marcos, Jr. at the New York Stock Exchange. — OFFICE OF THE PRESS SECRETARY

NEW YORK — US President Joseph R. Biden, Jr., and his Philippine counterpart, Ferdinand R. Marcos, Jr., underscored their support for freedom of navigation and overflight in the South China Sea on Thursday, in response to China’s efforts to exert its influence there.

Messrs. Biden and Marcos held their first face-to-face talks on the sidelines of the United Nations General Assembly. Mr. Marcos, son of the late Philippine President Ferdinand E. Marcos, Sr., took power in June.

“The leaders discussed the situation in the South China Sea and underscored their support for freedom of navigation and overflight and the peaceful resolution of disputes,” the White House said in a statement after the talks.

Mr. Biden said as the two men began their talks that he wanted to talk about the South China Sea, coronavirus disease 2019 (COVID-19) and renewable energy. He thanked Mr. Marcos for opposing Russia’s war in Ukraine.

The United States has accused China of increased “provocations” against rival claimants to territory in the South China Sea and other countries operating there.

“The role of the United States in maintaining the peace in our region is something that is much appreciated by all the countries in the region and the Philippines especially,” Mr. Marcos said.

The Philippines is a key ally of the United States and vital strategically in case of any US need to defend Taiwan militarily from Chinese attack, given its geographical position.

The United States is keen to arrange greater access to bases in the Philippines given the need to prepare for that contingency.

“The leaders reflected on the importance of the US-Philippines alliance. President Biden reaffirmed the United States’ ironclad commitment to the defense of the Philippines,” the White House said.

Manila’s ambassador to the United States, a relative of Mr. Marcos, told Japan’s Nikkei newspaper this month the Philippines would let US forces use the Southeast Asian nation’s military bases in the event of a Taiwan conflict only “if it is important for us, for our own security.”

The meeting with Mr. Biden underlines the stunning turnaround in fortunes for the disgraced former first family of the Philippines, 36 years after Mr. Marcos’s father was driven into exile by a “people power” uprising.

The new president is on his first trip to the United States in 15 years. He is the subject of a US contempt-of-court order for refusing to cooperate with a Hawaii court that ruled the Marcos family must pay $2 billion of plundered wealth to victims of abuses during his father’s martial law era.

He has rejected allegations his family stole from the treasury and has diplomatic immunity as head of state. — Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: SmartPeopleMail.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartPeopleMail. All Rights Reserved.

IT'S YOUR OPPORTUNITY OF THE YEAR!
Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.