Countries could agree to recognise current realities as de jure ownership in exchange for rescinding exclusive maritime rights. A joint company could be set up to manage shared undertakings in the sea, with revenue to be distributed among all littoral states.
Efforts to keep the global economy running during the pandemic show the importance of the shipping industry. Its crucial role in global logistics makes strengthening it against cyberattacks and adapting to the challenges posed by Covid-19 all the more pressing.
While Italy has attracted criticism within Europe for joining China’s Belt and Road Initiative, Chinese President Xi Jinping’s trip to the continent underscores the transatlantic divide over how to deal with rising Asian powers.
China’s disputes with other powers over the South China Sea – namely the Philippines and Vietnam – have to be resolved rather than allowed to fester. Thankfully, resolutions can still be reached allowing all sides access to the waterways, as well as the resources that can be found there