Panama formally exits China’s Belt and Road Initiative as US claims ‘victory’ in decision

Panama formally exits China’s Belt and Road Initiative as US claims ‘victory’ in decision

Panama has officially informed Beijing of its decision to withdraw from China’s massive infrastructure and investment project, the Belt and Road Initiative, the country’s leader announced on Thursday. Panamanian President José Raúl Mulino said he had instructed diplomats at the Central American country’s embassy in Beijing to submit the required 90-day notice of withdrawal from…

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The decision comes amid mounting pressure from the US to reduce Beijing's influence on the Panama Canal.(AFP)

Amid rising Trump pressure, Panama withdraws from China’s Belt and Road Initiative | World News

Panama formally pulled out of China’s Belt and Road infrastructure programme, President Jose Raul Mulino announced on Thursday, in a development that comes amid increasing pressures by United States President Donald Trump’s administration to curtail the growing Chinese influence in the Panama Canal. The decision comes amid mounting pressure from the US to reduce Beijing’s…

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Blinken Brushes Off Trump Threats On Panama Canal

Blinken Brushes Off Trump Threats On Panama Canal

Washington: Outgoing US Secretary of State Antony Blinken on Thursday dismissed as bluster President-elect Donald Trump’s threats to seize the Panama Canal, instead anticipating a more traditional strategy of diversifying supply chains. “On the Panama Canal, we have a treaty, we have a settled policy of many years, and that’s not going to change,” Blinken…

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