Panama's Decision to Opt Out of Belt and Road Initiative Agreement with China

SOURCE www.breitbart.com
Secretary of State Marco Rubio successfully convinced Panama's President José Raúl Mulino to opt out of renewing its agreement with China regarding the Belt and Road Initiative. This decision was made after a meeting between Rubio and Mulino, where they discussed Panama's sovereignty, security, and economic relations with the United States.

Key Points

  • Panama decided not to renew its agreement with China regarding the Belt and Road Initiative
  • Rubio and Mulino discussed Panama's sovereignty, security, and economic relations with the United States
  • Mulino emphasized Panama's control over the canal was non-negotiable

Pros

  • Strengthened cooperation on regional security
  • Enhanced investment opportunities for US companies

Cons

  • Potential strain on relations with China