South China Sea Agreement
The group says that the agreements should be based on sovereignty rights in response to China`s requirement The United States, which maintains important interests in ensuring freedom of navigation and securing maritime communication lines (SLOCs), has expressed support for an agreement on a binding code of conduct and other confidence-building measures. China`s claims threaten the SLOCs, important shipping lanes that facilitate trade and the movement of naval forces. Thailand, as a member of ASEAN, has played a coordinating role in facilitating the members of China and ASEAN involved in the dispute, in the hope of a peaceful solution. Despite its internal turmoil, the Thai government has relied on the expertise of its Foreign Ministry in the international conflict. It took the initiative to hold several meetings with the parties involved. Thailand`s first attempt was the organization of the ASEAN-China Senior Official` Meeting Retreat in Pattaya, Thailand, in 2012. At the meeting, Chinese Foreign Minister Wang Yi called for a common development of resources in the South China Sea. Bangkok was considered a neutral player in the South China Sea because it was not a complainant and had no disputes with China in the South China Sea. After several meetings, the 6th ASEAN-China SOM on DOC was the first formal consultation on the Code of Conduct (COC), during which all parties agreed to advance the development of the COC. Relations between Thailand and China have generally been seen as positive. Thailand`s neutral position has enabled it to mediate and influence discussions between the parties concerned.  The agreement was described by the Vice Foreign Minister of the People`s Republic of China, Liu Zhenmin, as “an important landmark document for cooperation between China and ASEAN countries.”  Some of the early projects recognized aspects such as “protection of the marine environment, scientific research, navigational safety and communication, search and rescue, and the fight against cross-border crime,” although the issue of oil and gas drilling remains unresolved. “In the spirit of the Statement on the Behaviour of Contracting Parties in the South China Sea (DOC), China and ASEAN countries actively encouraged consultations on the Code of Conduct (COC) in the South China Sea” by recommending that the COC be completed by 2021.
 The first oil drilling rig built and built independently by China in the South China Sea is Ocean Oil 981油( The largest shareholders are J.P. Morgan Chase – Co. (19%), Commonwealth Bank of Australia (14%), T. Rowe Price Associates, Inc. and subsidiaries (6%) and BlackRock, Inc. (5%).  It began operating on 9 May 2012 in the South China Sea, 320 kilometres southeast of Hong Kong, at a depth of 1500 m and 160 employees.  On 2 May 2014, the platform was moved near the Paracel Islands, a measure that Vietnam described as a violation of its territorial rights.  The Chinese authorities declared it legal and declared that the area was located in the waters around the Paracel Islands, which China occupies and controls militarily.  On 20 July 2011, the Republic of China, Brunei, Malaysia, the Philippines, Taiwan and Vietnam agreed on a set of interim guidelines for the implementation of the DOC that would contribute to dispute resolution.  These guidelines are based on an earlier agreement, also known as THE DOC, concluded in 2002 between China and ASEAN member states.
 The 1954 Geneva Conventions, which ended the First Indochina War, gave control of southern Vietnam south of the 17th parallel that covered the Paracels and Spratlys islands.  Two years later, the North Vietnamese government claimed that the People`s Republic of China was the legitimate applicant for the islands, while southern Vietnam took control of the Paracel Islands.  In early 1978, Vietnam and Japan reached an agreement on oil development in the South China Sea. [Citation required] Until 2012, Vietnam had concluded some 60