From Amuse on X:
In the ongoing geopolitical chess game between major powers, small nations often fall victim to coercive diplomacy and financial manipulation. Panama, historically crucial due to its canal—one of the world’s most strategic maritime passages—now finds itself ensnared by China's aggressive expansionism. Through targeted financial incentives—commonly recognized in the U.S. as outright bribes—Chinese entities effectively compromised Panamanian officials, securing control over both strategic entries of the Panama Canal. This arrangement, clearly orchestrated to advance Chinese Communist Party (CCP) strategic ambitions, not only flagrantly breaches Panama's constitutional obligations but also violates its longstanding treaty commitments with the United States.
A careful review of the agreement that transferred control of the ports and canal to China supports Attorney General Luis Carlos Gómez's findings. In 1997, CK Hutchison Holdings, a major Hong Kong conglomerate closely linked to China's Communist Party, secured a concession to control the crucial ports at Balboa and Cristobal. Though presented publicly as a commercial agreement, the ports' infrastructure was improved to support dual-use operations, facilitating both civilian and military vessels. The concession thus poses serious national security risks, far surpassing simple economic concerns and directly involving the strategic interests of multiple global powers.
Notably, when the concession approached its expiration, Panamanian officials curiously declined to invite competing bids. In a market-driven world, particularly in the strategically sensitive sector of maritime infrastructure, competitive bidding should be standard practice—indeed, it is mandated by Panamanian law. Instead, Hutchison received an automatic renewal for another twenty-five years in 2021. This unilateral decision, bereft of additional compensation or negotiation, starkly demonstrates Panama’s negligent abandonment of its economic interests and raises grave concerns about potential corruption. (Read more.)
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