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Home»World»South America
South America

Panama Asserts Ownership of Canal for the Long Term, Disregarding US Threats

11 months agoNo Comments3 Mins Read
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President Mulino emphasized the importance of the Panama Canal to the country, stating that it will always remain under Panama’s control. This declaration comes as the nation marks 25 years since the United States handed over control of the canal. Mulino’s statement is a response to recent threats made by former US President Donald Trump to reassert US control over the waterway. Trump accused Panama of charging excessive rates for the use of the canal, sparking concerns about potential tensions between the two countries.

The Panama Canal has long been a critical economic and strategic asset for Panama, serving as a crucial waterway for global trade and transportation. Control of the canal has historically been a source of contention between the United States and Panama, with the US maintaining control of the canal for much of its history. However, in 1999, control of the canal was officially transferred to Panama, marking a significant milestone for the country’s sovereignty and independence.

President Mulino’s affirmation of Panama’s control over the canal represents a commitment to safeguarding the nation’s interests and maintaining the autonomy of this important waterway. The canal plays a vital role in Panama’s economy, generating significant revenue and providing employment opportunities for its citizens. As such, Panama has a vested interest in ensuring that the canal remains under its control and continues to operate efficiently and effectively for the benefit of the country and the global community.

Trump’s threats to reassert US control over the canal have raised concerns about the potential for conflict between the two nations. Trump’s accusations of excessive rates being charged for canal usage have added to tensions between the US and Panama, highlighting the complex and delicate nature of international relations. Panama’s response to these threats demonstrates a firm stance on defending its sovereignty and asserting its authority over the canal, signaling a determination to protect its interests and secure its future.

As Panama celebrates 25 years of control over the canal, the country reflects on the significance of this milestone and the opportunities and challenges that lie ahead. The Panama Canal remains a critical artery for global trade and transportation, connecting the Atlantic and Pacific oceans and facilitating the movement of goods and services between regions. The canal’s importance to Panama’s economy cannot be overstated, making it imperative for the country to maintain control and ensure its continued success and sustainability.

In conclusion, President Jose Raul Mulino’s vow to keep the Panama Canal under Panama’s control underscores the country’s commitment to safeguarding its sovereignty and protecting its interests. As Panama marks 25 years since gaining control of the canal, the nation recognizes the significance of this milestone and the responsibility it carries to ensure the canal’s continued operation and success. The threats made by Donald Trump to reassert US control over the canal serve as a reminder of the challenges and complexities inherent in managing such a critical waterway. Panama’s response to these threats reflects a steadfast commitment to defending its rights and asserting its authority, highlighting the importance of diplomacy and cooperation in managing international relations.

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