The Department of Foreign Affairs’ optimistic tone on the progress of negotiations for a mutually acceptable Code of Conduct (COC) in the West Philippine Sea is, at best, cautiously welcome—and at worst, prematurely celebratory. Timing, after all, matters. The announcement comes just before the ASEAN Summit in Cebu, where China is expected to engage regional leaders while simultaneously projecting itself as a responsible …
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The Market Monitor Minding the Nation's Business