US and Allies Support Panama Amid Chinese Economic Pressure
'Monitoring China's Economic Pressure': US, Allies Support Panama's Sovereignty
Ndtv
Image: Ndtv
The United States, along with five Latin American nations, has expressed solidarity with Panama in response to perceived Chinese economic coercion following a Supreme Court ruling that affected Chinese-operated ports. The joint statement emphasizes the importance of Panama's sovereignty and the need to protect regional trade interests.
- 01The US and five Latin American nations issued a joint statement supporting Panama against Chinese economic pressure.
- 02This follows a Supreme Court ruling that terminated a concession held by a Chinese-backed firm at key Panama ports.
- 03Chinese authorities reportedly increased inspections of Panama-flagged vessels in response to the ruling.
- 04The statement highlights the importance of Panama's sovereignty and its role in global maritime trade.
- 05The nations pledged to ensure the Americas remain free from external threats.
Advertisement
In-Article Ad
The United States, alongside Bolivia, Costa Rica, Guyana, Paraguay, and Trinidad and Tobago, has issued a joint statement affirming support for Panama against what they describe as targeted economic pressure from China. This solidarity follows a landmark ruling by Panama's Supreme Court that ended a concession held by CK Hutchison, a Hong Kong-based firm, for managing the Balboa and Cristóbal terminals at either end of the Panama Canal. The ruling, which was influenced by American efforts to limit Chinese influence in the region, has led to allegations that China has retaliated by increasing inspections and detentions of Panama-flagged vessels in Chinese ports. The joint statement condemns these actions as a threat to Panama's sovereignty and emphasizes the nation's critical role in global maritime trade, which sees around five percent of worldwide traffic passing through the canal. The six nations reaffirmed their commitment to protecting regional trade and maintaining the Americas as a region of freedom and prosperity.
Advertisement
In-Article Ad
The increased scrutiny on Panama-flagged vessels could disrupt trade and shipping routes, affecting businesses and economies reliant on the canal.
Advertisement
In-Article Ad
Reader Poll
Do you believe the US should continue to support Panama against Chinese economic pressure?
Connecting to poll...
More about United States government
Read the original article
Visit the source for the complete story.






