Thursday , 21 November 2024
Home Forex Biden threatens China over attacks on Philippines’ vessels – mutual defence treaty
Forex

Biden threatens China over attacks on Philippines’ vessels – mutual defence treaty

US President Biden says any attack on Philippines’ vessels in the South China Sea would invoke their mutual defence treaty.

The background to this is China’s claim to large swathes of the South China Sea, a claim ruled as having no basis under international law by the Permanent Court of Arbitration in the Hague ruled in 2016. China has thus been attacking Philippines’ vessels sailing according to international agreements.

The Philippines and US have had a Mutual Defense Treaty since 195. In a nutshell it requires both nations to support each other if another party attacks the Philippines or the US.

Chinese attacks have added another geopolitical flashpoint.

The main players in the Russia, China, Iran, North Korea axis.

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

USDCHF moves above converged 100 and 200 hour MAs and rockets higher

Earlier today, I posted:USDCHF: The USDCHF held resistance at the 100-hour moving...

Matt Gaetz withdraws name for Attorney General nomination

This article was written by Greg Michalowski at www.forexlive.com.

Fed’s Goolsbee: It may make sense to slow pace of interest rate cuts

It make sense for the Fed to slow the pace of interest...

Major European indices close higher on the day

Major European indices are closing higher on the day. The gains are...