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Won't renew Belt and Road deal with China, says Panama president amid US pressure

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Michie

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Panama will not renew its participation in China’s Belt and Road Initiative (BRI), President José Raúl Mulino announced after a meeting with US Secretary of State Marco Rubio. The decision makes Panama the first Latin American country to withdraw from the global infrastructure initiative.

A broad agreement between Panama and China to contribute to China's Belt and Road initiative, under which the Asian country expanded investment in Panama during previous administrations, will not be renewed, Mulino said as per a Reuters report.

Continued below.
m.economictimes.com

Won't renew Belt and Road deal with China, says Panama president amid US pressure

Panama has decided not to renew its participation in Chinas Belt and Road Initiative (BRI), making it the first Latin American nation to leave the programme. President José Raúl Mulino stated that his administration would assess whether an early termination is possible. The announcement follows...
m.economictimes.com m.economictimes.com
 
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BPPLEE

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Michie said:
Panama will not renew its participation in China’s Belt and Road Initiative (BRI), President José Raúl Mulino announced after a meeting with US Secretary of State Marco Rubio. The decision makes Panama the first Latin American country to withdraw from the global infrastructure initiative.

A broad agreement between Panama and China to contribute to China's Belt and Road initiative, under which the Asian country expanded investment in Panama during previous administrations, will not be renewed, Mulino said as per a Reuters report.

Continued below.
m.economictimes.com

Won't renew Belt and Road deal with China, says Panama president amid US pressure

Panama has decided not to renew its participation in Chinas Belt and Road Initiative (BRI), making it the first Latin American nation to leave the programme. President José Raúl Mulino stated that his administration would assess whether an early termination is possible. The announcement follows...
m.economictimes.com m.economictimes.com
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They'll charge their tune soon
 
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www.republicworld.com

'Won't Renew': Panama Withdraws From China's Belt And Road Deal Amid US Pressure

José Raúl Mulino, President of Panama has announced that the Country ‘will not renew’ its participation in China’s Belt and Road Initiative (BRI) after a meeting US Secretary of State Marco Rubio on Sunday, this marks a signal of shift in its diplomatic alignment under the pressure of US influence.
www.republicworld.com www.republicworld.com
 
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It is pretty well known that China is failing to deliver on much of its promises for the belt and road initiatives to many countries. I suppose most think that a piece of the pie is better than none. Many nations take aid from both China and the USA. However, when pressure ramps up from the USA, some countries will react like Panama and choose sides. ‘Cost blowouts’: China fails to deliver megaprojects To be fair there are some nations that are growing in their leaning on China though. This is why reducing US foreign aid could be a very poor idea. If nations then are more likely to align with China then the new cold war is exacerbated.
 
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