INSUBCONTINENT EXCLUSIVE:
This move comes amidst significant pressure from the United States to limit Chinese influence over the Panama Canal.The decision was
revealed just days after US Secretary of State, Marco Rubio, visited Panama
Despite these pressures, President Mulino asserted that the decision to withdraw was his own.He acknowledged that the initiative, which
involved Chinese-funded infrastructure projects, had not yielded the expected benefits for Panama
Panama was the first Latin American nation to join the Belt and Road Initiative in 2017.This shift occurred after Panama broke ties with
Taiwan and recognized the Chinese government
Panama would resist external interference, highlighting the geopolitical tensions at play
The announcement sparked conflicting statements about access to the Panama Canal.Geopolitical Tensions and Their ImpactThe US State
Department initially claimed it would waive fees for American ships, supposedly saving millions annually
This development underscores the ongoing competition between the US and China for influence in strategic regions.For investors and
policymakers, understanding these geopolitical shifts is crucial
They affect global trade routes and infrastructure investments, shaping future economic and political landscapes.
