Supreme Court Justice Antonio Carpio has issued a stark warning regarding the potential implications of the Philippines’ loan agreements with China. Specifically, he highlighted that defaulting on these loans could compromise the country’s ownership and control over Recto Bank, an area rich in oil reserves.
Citing his expertise on international law, Justice Carpio emphasized the gravity of this situation. He underscored that allowing China to assert control over Recto Bank would be a catastrophic blow to Philippine sovereignty and economic interests.
The Palace has downplayed the alleged loan provision, but Justice Carpio’s warning underscores the pressing need for transparency in these agreements. His stance reflects his long-standing commitment to defending the country’s territorial integrity and upholding international law principles.