<p>The Philippine government and Muslim rebels are closing in on a peace deal after nearly 15 years of violence-interrupted talks, a potential landmark success for President Benigno Aquino that could pave the way for more investment in the country's impoverished but resource-rich south.<br /><br /></p>.<p>Negotiators from both sides told Reuters that the major obstacles to a framework deal being signed this year appear to have been surmounted after a period of intense diplomacy.<br /><br />The deal would formalise a ceasefire in Muslim-majority areas of Mindanao island and set in train a roadmap to create a new autonomous region in the mainly Catholic country before the end of Aquino's term in 2016. “What we are saying is that the whole thing will be completed this year,” said Marvic Leonen, a law professor who is the government's chief negotiator, describing the deal as the “architecture” for the peace process.<br /><br />The deal to end the 40-year-old conflict, which has killed more than 120,000 people, could be signed as soon as the next round of talks in Malaysia, expected to take place in early October. Tough negotiations still lie ahead. “We are close to it, but there are still big elephants in the room, such as territory, internal security, and wealth-sharing arrangements,” the chief negotiator with the Moro Islamic Liberation Front (MILF) rebels, Mohagher Iqbal, said.</p>
<p>The Philippine government and Muslim rebels are closing in on a peace deal after nearly 15 years of violence-interrupted talks, a potential landmark success for President Benigno Aquino that could pave the way for more investment in the country's impoverished but resource-rich south.<br /><br /></p>.<p>Negotiators from both sides told Reuters that the major obstacles to a framework deal being signed this year appear to have been surmounted after a period of intense diplomacy.<br /><br />The deal would formalise a ceasefire in Muslim-majority areas of Mindanao island and set in train a roadmap to create a new autonomous region in the mainly Catholic country before the end of Aquino's term in 2016. “What we are saying is that the whole thing will be completed this year,” said Marvic Leonen, a law professor who is the government's chief negotiator, describing the deal as the “architecture” for the peace process.<br /><br />The deal to end the 40-year-old conflict, which has killed more than 120,000 people, could be signed as soon as the next round of talks in Malaysia, expected to take place in early October. Tough negotiations still lie ahead. “We are close to it, but there are still big elephants in the room, such as territory, internal security, and wealth-sharing arrangements,” the chief negotiator with the Moro Islamic Liberation Front (MILF) rebels, Mohagher Iqbal, said.</p>