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FIRST YEAR ANNIVERSARY OF THE ARBITRAL TRIBUNAL AWARD
« on: July 12, 2017, 03:20:33 PM »
STATEMENT ON THE FIRST YEAR ANNIVERSARY OF THE ARBITRAL TRIBUNAL AWARD
 
The Duterte administration reaffirms its unwavering commitment to protect our country’s territorial claims and maritime entitlements, but believes that the ongoing territorial dispute in the West Philippine Sea should further be resolved in a manner consistent with the spirit of good neighbourly relations.
 
President Duterte's priority of regional peace and stability has led to the healthy environment of dialogue, cooperation, and development.
 
The bold initiatives of the Administration in pursuing an independent foreign policy have become a game changer not only in the geo-political landscape in the region but more importantly in the lives of our people.
 
The Philippine approach has led to great benefits for the country, allowing us considerable economic gains as well as strengthening our status as ASEAN Chair and regional peacemaker.
 
Through the adoption of positive neighbourly relations, our fishermen are back exercising their livelihood in Scarborough Shoal. We have received investment and financial assistance commitments upwards of USD 30 Billion from our partners in the region. These significant developments have likewise allowed our defense resources to also address other pressing security concerns facing the country.
 
The Philippines is further encouraged by the Agreement on a Framework on the Code of Conduct on the South China Sea that will help us move towards negotiating an effective Code of Conduct.
 
Secretary of Foreign Affairs Alan Peter S. Cayetano reiterates that the Duterte Administration is committed to its strategy to strengthen old allies and engage new partner nations.  The Philippines shall remain an enemy to none and a friend to all in its pursuit of economic and political benefits for the country, including the long-term security and stability in the region.

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