South China Sea as a zone of peace, stability and cooperation

AS we all know, the South China Sea (SCS) is one of the most in-demand waterways in the world. Aside from the fact that it is a sensitive topic, for the most part, it is a disputed area involving multiple countries like China, Vietnam, Malaysia, Brunei, the Philippines and the island of Taiwan, with multiple claims. The disputed waters of the South China Sea are indeed the object of contention among the claimant states with overlapping territorial and maritime sovereignty and sovereign rights claims.

Fundamentally, the claimant states of the disputed South China Sea struggle and compete over sovereignty with no straightforward and trouble-free legal remedy and antidote. Another point of contention among the claimant states relates to exclusive sovereign rights over overabundant oil reserves, fishing stocks and marine resources. Likewise, the South China Sea is also considered important for strategic security reasons, commercial shipping and potential hydrocarbons.