IMPACT ON PHILIPPINES TRADE DATA DUE TO THE GROWING INFLUENCE OF CHINA IN THE SOUTH CHINA SEA






 WHAT IS SOUTH CHINA SEA


The South China Sea is one of the prominent seas that is located in the Western Pacific Ocean. This sea is surrounded by land from all sides. Beginning with the north, it shares its shores with Southern China. In the western direction, the sea shares its boundaries with the Indochinese Peninsula. Following this, in the eastern corner, the sea passes through the boundaries of Taiwan islands, and the northeastern part of the sea shares its boundaries with the Philippines.


The length of this South China Sea is approximately 3,500,000 km2. This sea is of much importance when it comes to trading goods from one country to another via sea routes. It has been estimated that one-third of the total sea trade happens through this sea route only. It has been found that rich reserves of oil and natural gas are present beneath this sea.


WHY CHINA WANTS 100% CLAIM OVER THE SOUTH CHINA SEA?

The South China Sea is sometimes referred to as the disputed sea as China wants 100% claim of this sea but other nations for whom this sea is of utmost importance like Brunei, Singapore, the Philippines, Vietnam, and Thailand are not willing to give complete rights to China as this will hinder their imports and exports.


Top reasons which suggest that why China wants 100% ownership of this sea are:


  • China needs this sea for its strategic patrols by Chinese SSBN, which can be used against the US at times of war.


  • China wants a free and secluded place to safeguard its citizens and military personnel if any country, specifically the US, attacks China.


  • The third big reason behind this 100% ownership demand of China is, as China is one of the biggest importers and exporters in the world, it needs more space in the sea to trade its products quickly and efficiently.


  • One of the underlying reasons can be that China has an eye on the large crude oil and natural gas reserves present under the sea.

 

HOW THE PHILIPPINES WOULD BE IMPACTED IF CHINA GETS 100% OWNERSHIP RIGHTS OF THE SOUTH CHINA SEA?


As many nations conduct their international trade through the South China Sea, but if we talk specifically about the Philippines, then the nation would be hit hard if the complete ownership rights go to China. The Philippines' international trade would fall significantly which will affect Philippines Trade Data in a negative manner as most of its imports and exports are done through this sea route only.


Other than trade, the Philippines will lose ownership of some precious untapped resources that are present under the South China Sea. The main fight between the Philippines and China is that who will take the ownership of Spratly Islands. These islands are 7,500 in number and rich in oil and natural gas resources. If the Philippines get the ownership of these islands, then the exports from the Philippines would rise and hence, Philippines Export Data would be positively impacted as the demand for these resources is very high in the international market.


Also, as 20-30% of the total world trade happens through this sea route only, if the complete claim is given to China, then the Philippines along with other partner countries would lose many profitable deals and would not be able to trade as efficiently as they are doing now.


CONCLUSION

It can be said without any doubt that the if the South China Sea gets owned by China completely, it would surely reduce the imports and exports of other nations. Also, the right to natural reserves would also get lost. We hope that this dispute gets resolved as soon as possible with the decision being in every country’s favor. Rest, if you are looking for the best Import Export Data report such as Philippines Import Data or China Export data, then get in touch us with today.


Source Url: https://puce-marigold-drk898.mystrikingly.com/

Location: Pitam Pura, New Delhi, Delhi, India

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