


Panama President Rebuts Trump's Claims on Canal Reclamation
Panama's President Mulino accuses Trump of dishonesty regarding U.S. claims of 'reclaiming' the Panama Canal amidst a major investment deal.
Overview
Panama President José Raúl Mulino denounces U.S. President Trump’s assertion that the U.S. is reclaiming the Panama Canal. This follows a deal involving BlackRock purchasing a controlling stake in ports previously managed by a Chinese group. Mulino insists that Panama fully controls the canal and that the sale is a private transaction, unrelated to U.S. governmental pressures or control over the waterway. The Panama Canal, transferred to Panama in 1999, remains vital for global maritime trade and is governed by the Panama Canal Authority, not by foreign interests.
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Analysis
- President Mulino of Panama has accused Trump of lying regarding U.S. intentions to 'reclaim' the Panama Canal, stating that the canal is under full Panamanian control.
- The recent sale of the Panama Ports, a private transaction involving a U.S.-led consortium, does not signify U.S. control over the canal, contrary to Trump's claims.
- Cooperation between Panama and the U.S. regarding the canal should not disturb Panama's sovereignty, and any allegations of Chinese control are rejected by the Panamanian government.
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FAQ
The deal involves BlackRock purchasing a controlling stake in ports at the ends of the Panama Canal, previously managed by a Hong Kong-based group. Panama views this as a private transaction unrelated to U.S. control or influence over the canal.
The Panama Canal is crucial for global maritime trade, serving over 180 maritime routes and connecting 1,920 ports across 170 countries. It operates 24/7, facilitating the transit of approximately 13,000 to 14,000 ships annually.
History
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