英文摘要 |
This article discusses major factors affecting offshore oil and natural gas exploration cooperation between the People's Republic of China and the United States along China's coast. Contact between the U.S. and China regarding offshore oil and natural gas exploration began in the Nixon Administration. After the reform and opening-up policy and the establishment of Sino-U.S. diplomatic relations, China expanded cooperation with the U.S. in offshore oil and natural gas exploration. However, there are existing territorial and boundary disputes between China and its maritime neighbors. Beijing has threatened to use force in the East China Sea and South China Sea, and this has affected the U.S. government and oil companies. United Nations Convention on the Law of the Sea has been another important factor, especially since the collapse of the Soviet Union. The U.S. and China started their bilateral investment treaty ( BIT ) negotiations in 2008. In general, the BIT requires the contracting states to protect foreign investors. The Obama Administration completed a revision of the U.S. model bilateral investment treaty and modified the territory term to expressively include territorial seas and related areas in 2012. If the U.S. and China can sign a BIT that includes clauses related to territorial waters and mention of the offshore oil and natural gas exploration industry, the BIT will be a new factor that affects offshore oil and natural gas exploration cooperation between them along China's coast. |