Panama Withdraws from China’s Belt and Road Initiative Amid US Pressure
Panama has officially withdrawn from China’s Belt and Road Initiative as President José Raúl Mulino announced this amid pressures from the Trump administration. The country has submitted a 90-day notice to Beijing and denies any arrangement regarding U.S. warships’ free passage through the Canal. This marks a notable pivot in Panama’s foreign policy.
On Thursday, President José Raúl Mulino announced that Panama officially withdrew from China’s Belt and Road Initiative (BRI) amidst increasing pressure from the administration of U.S. President Donald Trump. The decision comes after Panama provided Beijing with a 90-day notice that it will not renew its participation in the initiative, which is a critical element of China’s global infrastructure development plan.
The BRI aims to improve regional integration and trade by creating a network of land and maritime connections across Asia, Africa, and Europe. This decision represents a notable shift in Panama’s foreign policy and its approach to infrastructure development, which had previously been aligned with the BRI under former administrations.
Furthermore, President Mulino refuted claims from the U.S. State Department suggesting that his government had agreed to allow U.S. warships free passage through the Panama Canal. He expressed surprise at the statement, asserting that he has no authority to alter canal transit fees or grant exemptions, and directed his ambassador to formally contest the claim made by the U.S. government.
The Belt and Road Initiative, launched by China, is a strategic framework intended to enhance connectivity and facilitate trade across multiple continents. This initiative has played a substantial role in the foreign and economic policies of participating countries. Panama’s withdrawal signals a potential reassessment of its international partnerships, particularly in the context of U.S.-China relations and the geopolitical dynamics surrounding the Panama Canal, a critical maritime route.
In summary, Panama’s exit from the Belt and Road Initiative reflects a significant realignment of its foreign policy, influenced by external pressures from the United States. President Mulino’s statements clarify his government’s stance on both the BRI and the alleged U.S. proposal regarding canal transit fees, highlighting a commitment to maintaining Panama’s sovereignty in international dealings.
Original Source: www.hindustantimes.com
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