Today's Coming Crisis Movie

Monday, July 25, 2011

Clinton Calls for Global Response to Rising S. China Sea Risks

U.S. Secretary of State Hillary Clinton said “the rest of the world needs to weigh in” on resolving disputes over the South China Sea, where confrontation threatens to disrupt one of the world’s busiest shipping lanes.

There has been an increase in “intimidations, the ramming, the cuttings of cables -- the kinds of things that will raise the cost of business for everyone,” Clinton said yesterday in Bali. “At least 50 percent of all global trade goes through the South China Sea every year and it’s important for us to support freedom of navigation, unimpeded commerce.”

Her comments come at the end of a regional security forum on the Indonesian island, where China and the 10-member Association of Southeast Asian Nations agreed a set of guidelines to prevent conflict in the oil-rich waters around the disputed Spratly Islands. Philippine Foreign Secretary Albert F. del Rosario signaled in a July 23 interview that the guidelines won’t be enough to stop tensions continuing to rise.

Hydrocarbon resources “well within” Philippine sovereignty are essential to the country’s energy strategy, del Rosario said at the end of the Bali forum. “The need for us to develop them is greater than China’s. China can afford to wait forever. We don’t have that luxury. We’ve got to move ahead.” (more)