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Manila touts economic gains in sea dispute approach

A year after Hague ruling, Philippines enjoys surge in investment from China.

CLIFF VENZON, Nikkei staff writer | Philippines

MANILA -- President Rodrigo Duterte's government said Wednesday its approach to solve the South China Sea territorial dispute through bilateral talks with China has yielded an economic windfall for the Philippines.

On July 12 last year, a United Nations arbitration court in The Hague ruled that Beijing's claim of nearly entire waterway has no legal and historical basis. The landmark decision, in response to a case filed by the previous Philippine government in 2013, clarified maritime entitlements surrounding the South China Sea, parts of which are also claimed by Brunei, Malaysia, Vietnam and Taiwan. Beijing rejected the ruling.

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