Panama’s President Strikes Back on "Lies" About Access to the Free Channel
In a strongly worded statement, Panama’s President, Laurentino Cortizo, has lashed out at the United States for spreading "lies" about the country’s access to the Panama Canal. The controversy centers around the Free Trade Zone (FTZ) and the restrictions imposed by the US on Panama’s ability to expand the canal’s operations.
The Free Trade Zone, established in 1948, allows goods to be imported and re-exported without paying duties or taxes. However, the US has long been concerned that the FTZ is being used to circumvent American trade laws and regulations. In recent years, the US has imposed restrictions on the zone, limiting the types of goods that can be imported and exported.
In a televised address, President Cortizo accused the US of spreading "lies" about Panama’s intentions with the FTZ. He claimed that the US is trying to undermine Panama’s sovereignty and control over its own economy. "We will not allow the US to dictate how we manage our economy or our territory," Cortizo said.
The President also emphasized that the FTZ is a key driver of Panama’s economy, generating billions of dollars in revenue each year. He argued that the restrictions imposed by the US are hurting Panamanian businesses and threatening the country’s economic growth.
The dispute between Panama and the US has been ongoing for several years, with both sides trading accusations and counter-accusations. The US has accused Panama of failing to comply with international trade agreements and of allowing illegal activities to take place in the FTZ. Panama, on the other hand, has argued that the US is trying to exert undue influence over its economy and is using the FTZ as a pretext to do so.
The controversy has also raised concerns about the future of the Panama Canal, one of the world’s most important shipping routes. The canal is a major source of revenue for Panama, and any restrictions on its operations could have significant economic implications for the country.
In response to the US restrictions, Panama has announced plans to expand the FTZ and to increase its transparency and accountability. The country has also called for international support and has sought to engage in diplomatic efforts to resolve the dispute.
The standoff between Panama and the US has sparked widespread debate and concern in both countries. Many have called for a peaceful resolution to the dispute, while others have accused the US of trying to bully Panama into submission.
As the situation continues to unfold, it remains to be seen how the dispute will be resolved. One thing is clear, however: the future of the Panama Canal and the country’s economy hang in the balance.
