QUOTE (Danny Fishcharge @ Mar 12 2006, 11:40 am)

The Panama canal is a hugely important factor in US trade and that's owned by the Chinese. If you get in a spat with them then the US is even more fucked.
@Danny Fishcharge:
Let me clarify you a couple of things. The Panama Canal is owned and operated by Panama since the 31st of December of 1999 thanks to a treaty signed by US President Jimmy Carter and panamanian chief of state General Omar Torrijos in november 1977. This treaty gave back a country what was its own since ever and was simply taken by american governments without any considerations of what this could imply to the people living there. For 73 years there was a great piece of Panama that was not anymore panamanian soil becuase succesive american presidents didn't want it to be. It was american soil, governor included. After the treaties were signed there was a scheduled process for transfering all the assets of the Panama Canal to panamanian administration that was completed in 1999 when the last american soldier left panama and the american bases where officially closed.
The Panama Canal operations are run entirely by the
Authority of the Panama Canal . The Panama Canal is a monolitic structure that operates in an integral way. The locks are not something ran by someone and then the water supply by some other company an so on. The entire operation is done by panamanian workers under panamanian admininstration. There is no influence of China, Hong Kong or any other country in the way the Panama Canal operates.
The only activity that is performed by Hutchinson Whampoa Ltd is the administration of one port on the Pacific (Balboa Port) and one port on the Atlantic (Cristobal Port) under the figure of an administrative consession in which the ports are owned by the Panamanian Port Authority and operated by a company that wins this right after competing with a plural number of companies. Ports are not part of the Panama Canal; Panama being a country with thousands of kilometers of coasts in both the Pacific and the Atlantic oceans has several ports, not only two; the operation of the ports, although financed by private investors, is done exclusively under the panamanian laws and by no means it is to be used as a cohersion instrument by the operator against Panama or any other country. Panama is a free, democratic country that has the right, as well as any other country, to do bussiness with whichever country they want. It is not to be decided by the US or any other player in the global geopolitical scenario what or how Panama does with its possesions as long as the international laws are respected. None of which are violated in any form by this concession.
The idea that the Panama Canal is controlled by the red Chineese government is one impulsed by senators like Jesse Helms and other ultra conservative members of the Republican party that cannot accept the fact that this small country in the middle of America could regain complete sovereignty over its territory against the most powerful country in the world. Most recently this argument had been used by those opposed to the arab port deal that was impulsed by US President Bush in recent days. All of these comments about Panama Canal being controlled by China lack of any fundament and are very far away from reality.
@BadBob
Yes, thank you Jimmy Carter for being a President with enough courage to correct what was wrongly done back in 1904 and giving back to the people of Panama what was theirs.