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Panama Defends Canal Authority As U.S. Develops Control Plans
(MENAFN- The Rio Times) Panama's Foreign Minister Javier Martínez-Acha declared that only President José Raúl Mulino holds authority to request international help defending the Panama Canal.
His statement directly responds to reports of Pentagon plans developing strategies to reassert American control over the vital waterway. "Panama remains firm in the defense of its territory, the Canal, and its sovereignty," Martínez-Acha emphasized.
He reassured citizens that "the Canal continues to be ours" despite growing international pressure. This diplomatic tension follows US President Donald Trump's recent instructions to military officials.
Trump reportedly directed the Pentagon to prepare various scenarios ranging from coordination with Panamanian forces to more aggressive control options. The Panama Canal serves as a critical global maritime nexus, handling approximately 6% of worldwide trade.
Around 14,000 vessels transit annually through this strategic passage. The United States remains the primary user with roughly 72% of ships either departing from or arriving at American ports.
Following its expansion in 2016, the Canal now accommodates larger vessels carrying up to 13,200 TEU compared to the previous 5,100 limit. This expansion nearly doubled capacity from 330 million to 600 million tons, significantly enhancing global shipping efficiency.
A Pillar of Economic and Global Trade Stability
The waterway generates substantial economic benefits for Panama. Direct contributions reached approximately $2.5 billion in 2022, accounting for about 6% of Panama's GDP when including indirect impacts.
Historical context remains crucial to this situation. The United States completed the Canal in 1914 and maintained control until December 31, 1999. The Torrijos-Carter Treaties signed in 1977 transferred full operations to Panama at the century's end.
The Canal facilitates major trade routes between Asia and both North and South America. Principal commodities include containers, grain, chemicals, petroleum products, coal, minerals, and metals.
Many Latin American countries depend heavily on the waterway for their imports and exports. Ecuador, Peru, and Chile rely on the Canal for roughly 25% or more of their total seaborne trade.
Panama now operates the Canal as an autonomous entity through the Panama Canal Authority, employing a predominantly Panamanian workforce in this symbol of national sovereignty and pride.
His statement directly responds to reports of Pentagon plans developing strategies to reassert American control over the vital waterway. "Panama remains firm in the defense of its territory, the Canal, and its sovereignty," Martínez-Acha emphasized.
He reassured citizens that "the Canal continues to be ours" despite growing international pressure. This diplomatic tension follows US President Donald Trump's recent instructions to military officials.
Trump reportedly directed the Pentagon to prepare various scenarios ranging from coordination with Panamanian forces to more aggressive control options. The Panama Canal serves as a critical global maritime nexus, handling approximately 6% of worldwide trade.
Around 14,000 vessels transit annually through this strategic passage. The United States remains the primary user with roughly 72% of ships either departing from or arriving at American ports.
Following its expansion in 2016, the Canal now accommodates larger vessels carrying up to 13,200 TEU compared to the previous 5,100 limit. This expansion nearly doubled capacity from 330 million to 600 million tons, significantly enhancing global shipping efficiency.
A Pillar of Economic and Global Trade Stability
The waterway generates substantial economic benefits for Panama. Direct contributions reached approximately $2.5 billion in 2022, accounting for about 6% of Panama's GDP when including indirect impacts.
Historical context remains crucial to this situation. The United States completed the Canal in 1914 and maintained control until December 31, 1999. The Torrijos-Carter Treaties signed in 1977 transferred full operations to Panama at the century's end.
The Canal facilitates major trade routes between Asia and both North and South America. Principal commodities include containers, grain, chemicals, petroleum products, coal, minerals, and metals.
Many Latin American countries depend heavily on the waterway for their imports and exports. Ecuador, Peru, and Chile rely on the Canal for roughly 25% or more of their total seaborne trade.
Panama now operates the Canal as an autonomous entity through the Panama Canal Authority, employing a predominantly Panamanian workforce in this symbol of national sovereignty and pride.
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