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Panama president says he won’t renew Belt and Road deal with China, as US demands less Chinese influence over canal

CNN —

Panama’s president reiterated on Sunday that Panama’s sovereignty over the Panama Canal is not up for debate, saying that during talks with US Secretary of State Marco Rubio that he had addressed the United States’ concerns over China’s presence around the vital waterway.

President Raúl Mulino added however that Panama would not renew a 2017 memorandum of understanding to join China’s overseas development initiative, known as the Belt and Road, and suggested that the deal with China could end early.

Panama will seek to work with the US on new investments, including infrastructure projects, he said. “I think this visit opens the door to build new relations … and try to increase as much as possible US investments in Panama,” Mulino told reporters on Sunday after Rubio’s first foreign trip as the United States’ top diplomat.

Liberian flagged Hallasan Explorer LPG tanker navigates at the Panama Canal, in Panama on January 20, 2025. Panama on January 20, 2025, rejected President Donald Trump's pledge that the United States would be «taking back» the Panama Canal, saying the key interoceanic waterway would remain under its control. «The canal is and will remain Panama's,» President Jose Raul Mulino said in a statement published on social media. (Photo by ARNULFO FRANCO / AFP)

Related article Trump’s ambition to retake the Panama Canal could have a heavy cost

Mulino’s comments were followed by a US State Department readout of the meeting, which said Rubio told Panama’s president and Foreign Minister Javier Martínez-Acha that concerns over China’s “control” of the Panama Canal may mean the US has to “take measures necessary to protect its rights” per a longstanding treaty on the neutrality and operation of the canal.

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