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Philippines. Vietnam. The Philippines–Vietnam relations refers to the bilateral relations of the Republic of the Philippines and the Socialist Republic of Vietnam. Since the end of the Cold War, relations between the two countries have warmed significantly. Vietnam is sometimes referred to as the only communist military ally of the Philippines.
Vietnam rejects China's nine-dash line which extends much further than China's 200 nautical miles (370.4 km; 230.2 mi) from its shores. The nine-dash line cuts straight through Vietnam's Exclusive Economic Zone in the South China Sea and would reduce Vietnam's EEZ by 3/4th. This line also cuts the EEZ of the Philippines and Malaysia in half.
The exclusive economic zone of the Philippines (Philippine EEZ), per the mandate of the United Nations Convention on the Law of the Sea (UNCLOS), consists of four subzones. [1] It covers 2,263,816 square kilometers (874,064 sq mi) of sea. The Philippines has 7,641 islands comprising the Philippine archipelago. [2]
The Regional Comprehensive Economic Partnership ( RCEP / ˈɑːrsɛp / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [ 2] The 15 member countries account for about 30 ...
HANOI (Reuters) -Vietnam and the Philippines agreed on Tuesday to boost cooperation between their coastguards and to prevent untoward incidents in the South China Sea, in an announcement during a ...
The ASEAN Free Trade Area ( AFTA) [ 1] is a trade bloc agreement by the Association of Southeast Asian Nations supporting local trade and manufacturing in all ASEAN countries, and facilitating economic integration with regional and international allies. [ 2][ 3][ 4] It stands as one of the largest and most important free trade areas (FTA) in ...
The list includes general SEZs and the more specific free trade zones and free ports, managed either by the Philippine Economic Zone Authority or held privately. As of April 30, 2016, there were 345 operating economic zones throughout the Philippines.
The economy of Vietnam is a developing mixed socialist-oriented market economy. [ 3] It is the 35th-largest economy in the world by nominal gross domestic product (GDP) and the 26th-largest economy in the world by purchasing power parity (PPP). It is a lower-middle income country with a low cost of living.