Skip to main content

China confirms Panama as key ally


AGENCIA EFE2 HOURS AGO DECEMBER 4, 2018

Chinese President Xi Jinping has confirmed that Panama is a key ally in Beijing's strategy to expand its footprint in Latin America as he reiterated a desire to build an "open" world economy.

Xi, the first Chinese leader to visit the Central American country, said that "in just a year-and-a-half" after the establishment of diplomatic ties in June 2017 "bilateral relations have gotten off to a strong start."

The aim of China's strategic plan, known as "The New Silk Road" and incorporating dozens of other countries, is to create a network of infrastructure around the world whereby China can distribute its products and secure the raw materials its industry requires.

Because of its strategic location and connectivity, Panama can be "China's commercial arm in - and gateway into - Latin America," Panamanian President Juan Carlos Varela said.

China, with which Panama is negotiating a free trade treaty, maintains an important presence in the Central American country.

It is the second biggest user - after the US - of the Panama Canal, and the first provider in the Colon Free Trade Zone on Panama's Caribbean coast, the hemisphere's largest free trade area.

Chinese firms, in addition, recently have won multi-million dollar bids to build a bridge over the Panama Canal, a convention centre and a cruise ship terminal.

The Panamanian leader said that China's plan, which critics call imperialist, "promotes the common development of humanity," in which "the interests and needs of many nations in the region and the world converge."

"We back this initiative with the view of acknowledging the need for a more connected world, where our country - with its geographic position, its canal, its logistical and financial platform and the Colon Free Trade Zone - will play a first-rank role," he added.

The two leaders held a private bilateral meeting, also attended by their foreign ministers and working teams, and afterwards they provided a joint statement to the media.

Xi's visit to Panama comes at a time when Beijing is seeking to expand its influence in Latin America, a region which historically has been under Washington's umbrella.



https://www.theaustralian.com.au/news/latest-news/china-confirms-panama-as-key-ally/news-story/a9e911849a6967f49b5013fcd8a1b769

Comments

Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed.
Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area”
For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number”
Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell you …

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

A ‘European Silk Road’

publication_iconPhilipp HeimbergerMario Holznerand Artem Kochnevwiiw Research Report No. 430, August 2018 
43 pages including 10 Tables and 17 FiguresFREE DOWNLOAD
The German version can be found here.In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term.After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and the Caspian Sea litto…