The administrator of the Panama Canal has reiterated that the vital waterway will continue to be under Panamanian control and open to commerce from all nations. This statement comes in response to recent claims by President-elect Donald Trump suggesting that the United States should take over the canal.
The administrator dismissed Trump's assertions that China was influencing the canal's operations, clarifying that Chinese companies operating in the canal's ports are part of a Hong Kong consortium that won a bidding process in 1997. Additionally, U.S. and Taiwanese companies are also involved in operating ports along the canal.
Trump's remarks about potentially reclaiming control of the canal and criticizing the fees for transiting the waterway have sparked discussions. However, Panama's President has unequivocally stated that the canal will remain under Panamanian jurisdiction.
The Panama Canal administrator emphasized that the canal adheres to established rules and neutrality treaties, which prevent special treatment for U.S.-flagged ships. The canal's neutrality is crucial, with the only exception being expedited passage for American warships.
Approximately 70% of the sea traffic passing through the canal is linked to U.S. ports. The United States constructed the canal in the early 1900s and transferred control to Panama in 1999 under a treaty signed in 1977.
Regarding the fees for canal usage, a recent series of planned increases has been completed, with any future adjustments subject to public comment and review processes to ensure fairness and transparency.
The Panama Canal, spanning 51 miles across Panama, plays a vital role in global maritime trade by providing a shortcut between the Atlantic and Pacific Oceans, saving time and costs for shipping companies.
Despite challenges such as drought affecting the canal's operations in recent years, efforts have been made to manage water resources efficiently and maintain uninterrupted service for international shipping.
In conclusion, the administrator underscored Panama's commitment to keeping the canal open to global commerce, highlighting the canal's significance as a key international waterway that benefits numerous countries and economies.
