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The Panama Canal (Spanish: Canal de Panamá) is an artificial 82-kilometer (51-mile) waterway in Panama that connects the Caribbean Sea with the Pacific Ocean. It cuts across the narrowest point of the Isthmus of Panama , and is a conduit for maritime trade between the Atlantic and Pacific Oceans.
Latin American leaders on Monday rallied to Panama's defense after U.S. President-elect Donald Trump threatened to reimpose U.S. control over the Panama Canal, a key global shipping route located ...
China is the second-largest user of the Panama Canal after the U.S., and its investments in Panama’s ports and infrastructure have grown significantly in recent years.
In 1977, President Carter and Panamanian President Omar Torrijos signed two treaties, one which guaranteed neutral access to the canal by all nations, and the other transferring full control of ...
The Panama Canal cost the United States about $375 million, including $10 million paid to Panama and $40 million paid to the French company. Although it was the most expensive construction project in US history to that time, it cost about $23 million less than the 1907 estimate despite landslides and an increase in the canal's width.
The events of January 9 were considered to be a significant factor in the U.S. decision to negotiate the 1977 Torrijos–Carter Treaties, which finally abolished the Hay–Bunau-Varilla Treaty and allowed the gradual transfer of control of the Canal Zone to Panama and the handover of full control of the Panama Canal on December 31, 1999. [10]