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Panama Pledges to Exit China’s Belt and Road Initiative, Work with US After Rubio’s Visit

  • Panama will not renew its 2017 memorandum of understanding to join China's Belt and Road Initiative, according to Foreign Minister Javier Martínez-Acha.
  • U.S. Secretary of State Marco Rubio warned Panama to reduce Chinese influence over the canal or face potential retaliation from the Trump administration.
  • Panamanian President José Raúl Mulino stated there is no real threat against the treaty or military action regarding the canal.
  • Rubio emphasized that the status quo is unacceptable and immediate changes are required to protect U.S. rights under the treaty.
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Financial Post broke the news in Canada on Sunday, February 2, 2025.
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