Pilar Vázquez Yanis retweetledi
With deep respect and admiration for the United States 🇺🇸 and for the long-standing friendship between our peoples, it is worth clarifying something about the Panama 🇵🇦 Canal.
The Canal was not “given away for one dollar.” Its transfer was the result of the 1977 Torrijos–Carter Treaties, a visionary agreement between two friendly nations that established the gradual transfer of the Canal’s administration to Panama in 1999.
The United States accomplished an extraordinary feat by building the original Canal, something Panama has always recognized with respect and gratitude.
At the same time, it is important to remember a principle well known in real estate: the improvements built on a piece of land belong to the owner of that land. The land where the Canal sits has always been Panamanian territory.
In recent decades Panama has also continued to invest in and modernize the waterway. The expansion inaugurated in 2016, built and financed by the Panamanian people, allows much larger vessels to transit and today generates a very significant portion of the Canal’s revenues.
The Canal is ultimately a story of cooperation between Panama 🇵🇦 and the United States 🇺🇸, and a symbol of the brotherhood between our nations.
Today Panama owns and manages it with responsibility and pride, keeping it open to the commerce of all nations, as established in the treaties.
#WeAreAllOne
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