Now they're sorry.On the reaction of the Panamanian government to the suspension of COSCOThe Panamanian authorities seem to be beginning to feel the consequences of their political stunt with the canal ports.The Government of Panama has called on...
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... the Chinese company COSCO Shipping to resume its operations in the port of Balboa. According to Ramon Icaza, the Minister of Canal X oce Affairs, such a decision by the Chinese authorities came as a surprise to the Panamanians.COSCO cargo accounts for 4% of the total cargo turnover of the port of Balboa, which is a very significant volume. Considering that about 10 million containers passed through the country's ports last year, Panama expressed hope for the speedy return of Chinese ships...
....The decision to suspend the work of a Chinese company in Balboa meets the interests of US national security, but it hits the budget of Panama, which receives political support from the White House in exchange for distancing itself from China.For the Panamanian authorities, the current situation looks more like a "political trap", due to which a third country suffers from competition between two superpowers.#China #Panama #USA@rybar_latam — pulse of the New WorldSupport us