Asia

BANGKOK: Thailand is “fully prepared” to engage in UN-backed mediation initiated by Cambodia over disputed maritime claims, the foreign minister said on Wednesday (Jun 3), while pledging to safeguard national interests.Neighbouring Cambodia said on Tuesday it had started the dispute resolution process under the United Nations Convention on the Law of the Sea (UNCLOS) over disputed areas in the Gulf of Thailand, where undersea energy reserves are valued at around US$300 billion.The move followed Bangkok’s cancellation last month of a 2001 agreement that established a framework for joint oil and gas exploration in areas of overlapping claims, with Thailand’s prime…

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