Vice President Jejomar Binay believes that Philippines should engage economic giant China into a bilateral talks to resolve maritime dispute in West Philippine Sea. â€œMay pera po ang China, kailangan po natin ng kapital,â€ Binay said in an interview with radio station in Catarman, Northern Samar.
Rappler.com reports, Vice President Binay â€œcalled for a â€˜joint ventureâ€™ between the Philippines and China in developing the natural resources in the South China Sea, parts of which the Philippines calls the West Philippine Sea.â€
However, for Foreign Affairs Secretary Albert del Rosario Philippines and China have already reached dead end. â€œWe are for bilateral talks, but we ran into a dead end in terms of using that approach,â€ Del Rosario said in an interview with ABS-CBN News Channel.
â€œIn the case of Scarborough Shoal, we had over 50 bilateral engagements with them and that did not work,â€ del Rosario said. He noted that in every bilateral meeting, China was saying â€œWe have indisputable sovereignty over the entire South China Sea.â€http://www.angmalaya.net/nation/2015/04/15/10219-vice-president-binay-wants-joint-venture-with-china-to-develop-west-philippine-sea