‘55% of India’s trade via South China Sea, the Malacca Straits’
In a move that could have ramifications for the free passage of both military and commercial vessels in the South China Sea, Chinese authorities said on Sunday they will require a range of vessels “to report their information” when passing through what China sees as its “territorial waters”, starting from September 1.
Over $5 trillion trade passes through the South China Sea, and 55% of India’s trade pass through its waters and the Malacca Straits, according to estimates by India’s Ministry of External Affairs (MEA). China claims under a so-called “nine dash line” on its maps most of the South China Sea’s waters, which are disputed by several other countries, including the Philippines, Vietnam, Malaysia and Indonesia.
