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Panama leaders reassert sovereignty over Panama Canal after Trump threat

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      China

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      Panama leaders reassert sovereignty over Panama Canal after Trump threat

      2024-12-25 11:47 Last Updated At:18:07

      Panama's President Jose Raul Mulino reaffirmed the country's sovereignty over the Panama Canal in a statement signed alongside three former presidents of the country on Tuesday in response to recent threats made by U.S. President-elect Donald Trump to take control of the canal.

      Calling the Panama Canal "a vital national asset for the United States", Trump on Saturday slammed what he called unfair fees for U.S. ships passing through the Canal and threatened to demand control of the waterway be "returned" to Washington.

      Trump's statement has been met with fierce opposition from the Panama side.

      Tuesday's statement by the presidents restated that the sovereignty and independence of Panama are not negotiable.

      "As former presidents, we support the statements of President Jose Raul Mulino and we unite under the affirmation that the sovereignty of our country and our canal are not negotiable," former presidents Mireya Moscoso, Ernesto Perez Balladares, and Martin Torrijos Espino said in the statement.

      The statement noted that the canal has the mission of serving humanity and its trade, which is one of the great values that Panamanians offer to the world, giving the international community a guarantee of not taking part, or being an active part in any conflict.

      Also on Tuesday, the Bolivarian Alliance for the Peoples of Our America - People's Trade Treaty (ALBA-TCP) said in a statement that its member states strongly reject the statements made by Trump.

      The Panama Canal is an important commercial passageway protected by International Law, the Torrijos-Carter Treaty and the Treaty Relating to the Permanent Neutrality and Operation of the Panama Canal, which, as an immovable law, establishes that the waterway is an inalienable part of Panamanian territory, and therefore this claim represents an aggression against the sovereignty of that country, said the statement.

      The Bolivarian Alliance categorically rejects this new threat to the Latin American and Caribbean region and supports Panama in the defense of its sovereignty, territorial integrity and self-determination, the statement said.

      The Panama Canal, an artificial waterway in Panama that connects the Atlantic with the Pacific, was completed by the United States in 1914 and returned to Panama in 1999 under a treaty signed by then U.S. President Jimmy Carter and then Panamanian leader Omar Torrijos. The deal relinquishes American control over the canal by year 2000 and guarantees its neutrality.

      Panama leaders reassert sovereignty over Panama Canal after Trump threat

      Panama leaders reassert sovereignty over Panama Canal after Trump threat

      Panama leaders reassert sovereignty over Panama Canal after Trump threat

      Panama leaders reassert sovereignty over Panama Canal after Trump threat

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      China's digital industry revenue up 9.4 pct in Q1

      2025-05-17 00:18 Last Updated At:02:17

      China's digital industry generated 8.5 trillion yuan (about 1.18 trillion U.S. dollars) in revenue in the first quarter, representing a 9.4 percent year-on-year increase.

      According to data released Friday by the Ministry of Industry and Information Technology, the growth rate is 4.4 percentage points higher than that recorded in the same period last year.

      Breaking it down, revenue in the digital manufacturing sector grew by 10.4 percent, while the digital services sector saw an 8.2 percent rise.

      The number of 5G base stations in China surpassed 4.39 million by the end of March, with user penetration reaching 75.9 percent, the ministry reported in April.

      The digital economy's core sectors have maintained stable growth, with the software industry alone generating 3.1 trillion yuan in revenue, up 10.6 percent year-on-year. China has been committed to developing digital technology to transform and upgrade its traditional industries.

      According to this year's government work report, the country will "accelerate the digitalization of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises."

      China is also advancing an "AI Plus" initiative, which seeks to effectively integrate digital technologies with the country's manufacturing capabilities and market strengths.

      China's digital industry revenue up 9.4 pct in Q1

      China's digital industry revenue up 9.4 pct in Q1

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