Current context: Panama reaffirmed its sovereignty over the Panama Canal, with the U.S. recognizing it, despite recent tough rhetoric.

• Both nations announced new defence cooperation agreements, enhancing U.S. military training in Panama.

About

• Type: Artificial waterway connecting Atlantic and Pacific Oceans.
• Global Role: Handles ~6% of global maritime trade.
• Length: ~82 km (51 miles).
• Opened: 1914 by the United States.

Historical Background

• Controlled by the U.S. until December 31, 1999.
• Handover under the Torrijos-Carter Treaties (1977).