The Philippines: How Much for The Bases?

How Much for The Bases?

It took nearly seven months of sometimes acrimonious negotiations, but last week the U.S. and the Philippines signed a two-year compensation agreement covering the use of Subic Bay Naval Station and Clark Air Base, America's biggest overseas bases. Unhappy with the annual $181 million the U.S. had been paying, Manila initially demanded $2.3 billion in yearly compensation. The U.S. countered with a first offer of $360 million but later added to the package. After signing the pact in Washington last week, Foreign Secretary Raul Manglapus maintained that the U.S. had come close to meeting Manila's minimum demands in a "creative" three-part...

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