Post #37254 by Lambo on the US Policy board

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Panama's President: Panama will not renew the memo 2017 with China on its Belt and Road Initiative. Panama will study the ability to end the agreement earlier than its end date in a year or two.

This comes after SecState Rubio's visit to Panama today.

Why, no. I never get tired of winning.

Amazing what having a US government who is willing to tell others what time it is can do.

Panama already backed away from the Chinese.

"Following the election of Laurentino Cortizo as Panama’s president in early 2019. After taking office, Cortizo suspended or cancelled multiple Chinese investment projects. A review by the Panama Maritime Authority (PMA), the government agency that oversees the country’s ports, of the PCCP concession found that the Landbridge-led consortium had failed to comply with numerous contractual terms, including investing only roughly one-fifth of the promised amount, failing to provide key project documentation, and employing much less local labor than promised. The review led to the PMA’s decision to revoke the PCCP concession in June 2021."

PCCP = Panama Colon Container Port

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