Following President Trump’s remarks about reclaiming the Panama Canal, a Hong Kong-based firm plans to sell its key port interests for $22.93 billion to an American consortium led by BlackRock. This deal includes 43 ports across 23 nations but needs Panamanian approval. President Mulino strongly denied Trump’s assertions about Chinese control, advocating for the integrity of Panama’s sovereignty.
A Hong Kong-based company is set to sell its substantial stakes in key ports of the Panama Canal following President Donald Trump’s statements about U.S. control over the waterway. The deal, valued at $22.93 billion, involves the transfer of interests to an American-led consortium, including investment firm BlackRock. CK Hutchison, although not Chinese-owned, operates under Chinese financial regulations and has properties vital to both the Atlantic and Pacific sides of the canal.
This extensive transaction encompasses 43 ports across 23 nations, with significant parts of the Panama Canal included. However, the success of this agreement requires approval from Panamanian authorities. In his inaugural address, President Trump asserted that “China is operating the Panama Canal” and declared intentions to reclaim control for the U.S.
While on a diplomatic mission in Panama, U.S. Secretary of State Marco Rubio urged immediate actions to limit China’s influence over the canal. Contrary to Trump’s statements, Panama’s President Jose Raul Mulino refuted the claims, stating, “I reject in the name of Panama and all Panamanians this new affront to the truth and our dignity as a nation.”
President Mulino clarified that there were no ongoing discussions regarding the reclamation of the canal, emphasizing the importance of national sovereignty. He mentioned, “Cooperation between our governments passes through clear understandings in terms of issues of mutual interest…” Furthermore, Trump touched on Greenland, expressing aspirations for U.S. acquisition, while assuring inhabitants of safety and economic prosperity.
The potential sale of stakes in key Panama Canal ports reflects significant geopolitical tensions, particularly between the U.S. and China. President Trump’s statements aimed at reclaiming the canal have faced strong opposition from Panamanian officials. Furthermore, the future of this monumental deal ultimately hinges on the approval from Panama’s authorities, underscoring the intricate dynamics of international relations and national sovereignty.
Original Source: www.the-express.com
