Why in news
China criticized the U.S. for using “coercion” after Panama declined to renew an infrastructure agreement with China.
Panama’s move was seen as yielding to U.S. pressure, particularly regarding control over the Panama Canal.
U.S. officials, including Secretary of State Marco Rubio, warned Panama to reduce Chinese influence around the canal area.
Panama canal
It is an artificial waterway that connects the Atlantic Ocean with the Pacific Ocean.
The canal cuts across the Isthmus of Panama and is a conduit for maritime trade.
It was cut through one of the narrowest saddles of the isthmus that joins North and South America.
It is one of the two most strategic artificial waterways in the world, the other being the Suez Canal.
It is approximately 80 kilometers long.
It consists of a series of locks that raise and lower the water level to facilitate the passage of ships through the continental divide.
History:
France began work on the canal in 1881, but financial troubles and diseases made the initiative fail.
The United States took over the project in 1904, and opened the canal on August 15, 1914, and then managed the waterway until 1999.
On December 31, 1999, Panama took over full operation, administration, and maintenance of the Canal, in compliance with the Torrijos-Carter Treaties negotiated with the United States in 1977.
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