Senate panel seeks briefings on One-China policy, Loss and Damage Fund

The Senate committee on foreign relations, chaired by Senator Imee Marcos, requested briefings from government agencies regarding the Loss and Damage Fund and the country's One-China policy.

Senator Marcos expressed concerns over statements made by President Ferdinand Marcos Jr., particularly their implications for the Philippines' relationship with China in a delicate geopolitical context.

Senate Resolution Number 79 emphasizes the need to examine the risks, obligations, and potential consequences of the One-China policy on the country's treaty obligations.

Under President Marcos, the Philippines has strengthened its ties with Taiwan while maintaining its One-China policy, which recognizes Beijing's stance on the issue.

Beijing has criticized Manila in response to statements related to security in the Taiwan Strait and other sensitive issues.

The committee will also discuss an agreement regarding the privileges and immunities of the Board of the Fund for Responding to Loss and Damage.