MARITIME COOPERATION
According to the document, China and the Philippines welcomed the signing of the MoU on Cooperation on Oil and Gas Development between the two governments, and agreed to discuss maritime cooperation including maritime oil and gas exploration, sustainable use of mineral, energy and other marine resources.
They also agreed to strengthen existing cooperation mechanisms in other maritime-related areas, the document added.
Besides, the document reads, both sides exchanged views on issues regarding the South China Sea, noting that the situation has become generally more stable as a result of joint cooperative efforts between China, the Philippines, and other Association of Southeast Asian Nations (ASEAN) member states.
Both sides, together with ASEAN member states, will work for the full and effective implementation of the Declaration on the Conduct of Parties in the South China Sea (DOC) in its entirety.
Both sides agreed to maintain the positive momentum of the negotiations on the Single Draft Code of Conduct (COC) Negotiating Text, with a view towards the early adoption of an effective COC, based on consensus.
Meanwhile, China supports the Philippines as the Country Coordinator of the China-ASEAN Dialogue Relations and the coordinator for cooperation between China and Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA).
The two sides agreed that the milestone visit of President Xi has contributed to the advancement of friendship and cooperation between China and the Philippines.
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