AGL 37.50 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 222.89 Increased By ▲ 0.46 (0.21%)
BOP 10.82 Decreased By ▼ -0.14 (-1.28%)
CNERGY 7.56 Decreased By ▼ -0.10 (-1.31%)
DCL 9.42 Decreased By ▼ -0.21 (-2.18%)
DFML 40.96 Decreased By ▼ -0.74 (-1.77%)
DGKC 106.76 Decreased By ▼ -3.99 (-3.6%)
FCCL 37.07 Decreased By ▼ -0.99 (-2.6%)
FFL 19.24 Increased By ▲ 0.95 (5.19%)
HASCOL 13.18 Decreased By ▼ -0.19 (-1.42%)
HUBC 132.64 Decreased By ▼ -2.32 (-1.72%)
HUMNL 14.73 Decreased By ▼ -0.86 (-5.52%)
KEL 5.40 Decreased By ▼ -0.16 (-2.88%)
KOSM 7.48 Increased By ▲ 0.07 (0.94%)
MLCF 48.18 Decreased By ▼ -2.15 (-4.27%)
NBP 66.29 Decreased By ▼ -0.18 (-0.27%)
OGDC 223.26 Decreased By ▼ -5.35 (-2.34%)
PAEL 43.50 Increased By ▲ 0.13 (0.3%)
PIBTL 9.07 Decreased By ▼ -0.23 (-2.47%)
PPL 198.24 Decreased By ▼ -4.89 (-2.41%)
PRL 42.24 Decreased By ▼ -0.62 (-1.45%)
PTC 27.39 Increased By ▲ 0.06 (0.22%)
SEARL 110.08 Increased By ▲ 3.06 (2.86%)
TELE 10.52 Increased By ▲ 0.74 (7.57%)
TOMCL 36.62 Decreased By ▼ -0.01 (-0.03%)
TPLP 14.95 Decreased By ▼ -0.28 (-1.84%)
TREET 26.53 Decreased By ▼ -0.26 (-0.97%)
TRG 68.85 Decreased By ▼ -1.30 (-1.85%)
UNITY 34.19 No Change ▼ 0.00 (0%)
WTL 1.79 Increased By ▲ 0.03 (1.7%)
BR100 12,363 Decreased By -32.9 (-0.27%)
BR30 38,218 Decreased By -629.2 (-1.62%)
KSE100 117,120 Increased By 111.6 (0.1%)
KSE30 36,937 Increased By 72.2 (0.2%)

China and Japan open a fourth round of talks on Monday about how to develop oil and gas resources in disputed areas of the East China Sea, but few see the issue being resolved quickly partly due to poor bilateral ties.
Japan's goal was to gauge the Chinese reaction to a proposal for joint development of the resources made at the third round of negotiations in January, a spokesman for the Japanese embassy in Beijing said.
Past talks have been hampered by strained ties between the two over a range of disputes, most stemming from Japan's invasion and occupation of parts of China from 1931 to 1945.
"We have already presented our position, and are expecting to hear what the Chinese side thinks about this," Kenichiro Sasae, head of the Japanese delegation and the Foreign Ministry's Asian and Oceanian Affairs Bureau, was quoted as saying late on Sunday by Japan's Kyodo news agency.
The two sides have agreed in principle to jointly develop the gas and oil reserves near the islands known in Japan as the Senkakus and in China as the Diaoyus.
But they disagree over the position of the border between their exclusive economic zones in the East China Sea, and Tokyo fears China's exploitation of resources in the area could tap into resources in its own zone.
In past talks, Japan asked China to provide information on the scope of its resource discoveries in the area and to halt development until a solid agreement was reached, the embassy spokesman said. Japan-China relations have sunk to their lowest point in decades over a range of disputes, particularly Japanese Prime Minister Junichiro Koizumi's visits to a Tokyo war shrine that China sees as a symbol of Japan's past militarism.

Copyright Reuters, 2006

Comments

Comments are closed.