The Trump administration has called for Panama to reduce Chinese influence on an important trade artery.
The Chinese Public Administration for Market Regulation (SAMR) requires a comprehensive antimonopoly transaction verification for the sale of a number of ports, including the Panama channel. Reuters reported this Sunday, April 27th.
“The concentration of businesses cannot happen without permission, otherwise legal responsibility has emerged,” said Samr, emphasizing that parties involved in the transaction with the participation of Hong Kong company CK Hutchison should not avoid verification of antimonopoly.
In early March, it was learned that under the pressure of US president Donald Trump, the Hutchison Holdings Group of Company was planning to sell Balboa and Christobal Port located at both ends of the Canal Canal. 90% of the operator’s sharing must go to the American Consortium led by the Blackrock Investor.
According to various estimates, the transaction value is from 19 to 23 billion dollars. As noted by the AFP agency, the contract for managing these ports was automatically expanded in 2021 for another 25 years.
Beijing is critical of this operation, which is afraid of trading restrictions.
Remember, Blackrock agreed to buy two major ports on the Panama channel for $ 22.8 billion.
As you know, Donald Trump threatened in December 2024 The Panama to remove the Panama canal if the country did not stop removing excessively, in his opinion, fee. Later, the Panama leader said the Panama channel would continue to belong to his country.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.