EconomyLens.com
No Result
View All Result
Sunday, August 2, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Panama Canal will ‘remain’ Panamanian: UN maritime chief

Natalie Fisher by Natalie Fisher
January 14, 2025
in Economy
Reading Time: 4 mins read
A A
1
43
SHARES
536
VIEWS
Share on FacebookShare on Twitter

The Panama Canal is a key waterway for the transportation of goods. ©AFP

London (AFP) – The Panama Canal will remain Panamanian, the secretary general of the United Nation’s maritime body told AFP on Tuesday, after Donald Trump refused to rule out using military force to seize the key waterway.

Related

OPEC+ tipped to raise production again but new quotas loom

US Fed dissenters call for rate hikes over sustained inflation

Profits surge at US oil giant amid Iran war supply shock

Greek visa scheme gives Turks easier entry to islands in EU

China factory activity slides as leaders seek spending boost

“For me it is very clear and it is not a subject of great discussion, because the treaties were signed in 1977. The canal passed into the hands of Panama, which continues to manage this vital waterway, and will continue to do so,” said Arsenio Dominguez, head of the International Maritime Organization (IMO).

US president-elect Trump, who will return to the White House on January 20, caused shockwaves when asked about the canal last week. He said he was “not going to commit to that (no military action). It might be that you have to do something.”

The United States built, owned, and operated the Central American canal until the late US president Jimmy Carter struck a deal in the 1970s to gradually hand over control of the vital transport route to the Panamanian authorities.

Panama responded to Trump’s comments by saying the sovereignty of its interoceanic canal was non-negotiable. “The sovereignty of our canal is not negotiable and is part of our history of struggle,” Foreign Minister Javier Martinez-Acha said. President Jose Raul Mulino has refused to entertain negotiations over its control.

Trump has also ruffled European feathers with similar comments about Greenland. Denmark — which Greenland is an autonomous territory of — is a US ally and a fellow member of NATO, another target of Trump’s ire as he demanded that nations in the western alliance boost their defence spending.

In addition to its strategic location, Greenland, which is seeking independence from Denmark, holds massive untapped mineral and oil reserves, although oil and uranium exploration are banned. Denmark’s Prime Minister Mette Frederiksen later said she had reached out to Trump following his remarks, which Denmark said were being taken seriously.

Trump first claimed that he wanted to buy Greenland in 2019 during his first term as president — an offer swiftly rebuffed by Greenland and Denmark.

psr-pml/har/jkb/rl

© 2024 AFP

Tags: diplomacyDonald TrumpPanama Canal
Share17Tweet11Share3Pin4Send
Previous Post

US to ban smart cars containing Chinese tech

Next Post

Trump’s policies won’t push up inflation, economic advisor says

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Oil industry sees war windfall but girds for political blowback

August 1, 2026
Economy

US economic growth slows in second quarter, missing expectations

July 30, 2026
Economy

Eurozone economy grows despite Middle East war

July 30, 2026
Economy

Crisis-hit Cuba opens pharmacies, gas stations to private firms

July 30, 2026
Economy

BMW aims to cut 8,000 jobs by end 2027: company source

July 29, 2026
Economy

US Fed begins meeting with markets expecting steady interest rates

July 28, 2026
Next Post

Trump's policies won't push up inflation, economic advisor says

SpaceX set for seventh test of Starship megarocket

Private US, Japanese lunar landers launch on single rocket

Record 36.8 million tourists visited Japan in 2024

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

OPEC+ boosts September production by 188,000 barrels/day

August 2, 2026

Trump says US, Israel to hold off on Iran strikes

August 2, 2026

Baltics transform from Soviet stagnation to startup hubs

August 2, 2026

AI keeps consumer prices high in ‘RAMaggedon’ chip crunch

August 2, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.