Connect with us

Hi, what are you looking for?

Stock

US, Japanese, Philippine leaders discussed China’s behavior in South China Sea, White House says

WASHINGTON (Reuters) – U.S. President Joe Biden on Sunday met virtually with his counterparts from Japan and the Philippines to advance cooperation among the three countries, the White House said.

The three leaders discussed trilateral maritime security and economic cooperation, and China’s “dangerous and unlawful behavior in the South China Sea,” it said in a statement.

“The three leaders agreed on the importance of continued coordination to advance a free and open Indo-Pacific.”

Biden spoke with Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. late on Sunday, a week before Biden leaves office and hands power to President-elect Donald Trump on Jan. 20.

Manila said the three countries, which met for a trilateral summit in Washington in April, agreed to further strengthen their ties in the face of growing tensions in regional waters.

The South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, has been plagued by rising tensions for years. China claims almost the entire South China Sea despite a 2016 ruling by the Permanent Court of Arbitration found Beijing’s sweeping claims had no legal basis.

The U.S. has increased its security engagements with the Philippines under Marcos, securing expanded access to Philippine bases.

The White House statement made no mention of any discussion about Nippon Steel’s planned acquisition of U.S. Steel, which Biden blocked on Jan. 3 citing national security concerns.

Japan’s foreign ministry said Ishiba asked Biden to allay concerns in the Japanese and U.S. business communities over the decision, noting that cooperation among allies and like-minded countries was indispensable for establishing resilient supply chains.

The White House had no immediate comment on the reported discussion.

This post appeared first on investing.com

You May Also Like

Editor's Pick

Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

Investing

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a...

Editor's Pick

Kohl’s Corporation (NYSE: KSS) shares plunged 11% following a disappointing Q3 earnings report and a sharp downgrade of its fiscal 2024 outlook. The department...

Economy

By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike with one predicting a...



Disclaimer: Techreportdiversity.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 © 2024 Techreportdiversity.com