|Area that China will enforce its new fishing restrictions in|
Fines, confiscation of catch and vessel, and even imprisonment can result from violations, according to the reports, which state that the new regulations took effect on January1. Do not expect China's neighbors, or the United States, to take this lying down; it will, unfortunately, inevitably result in maritime incidents, and the resultant increase in Country Risk. The Philippines and Vietnam both have territorial claims in the area, and their fishermen ply the waters of the South China Sea, and it is expected that Country Risk for those nations will be increased in 2014, when China seeks to enforce this new effort to expand its territory, through aggressive action.
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