On January 30, 2025, Panamanian President Jose Raul Mulino firmly stated that discussions regarding the control of the Panama Canal will not be on the agenda during U.S. Secretary of State Marco Rubio's upcoming visit. Mulino emphasized that the canal, a vital trade route linking the Caribbean Sea and the Pacific Ocean, rightfully belongs to Panama.
Mulino's comments come in response to U.S. President Donald Trump's claims that the canal is being operated by China and allegations of unfair charges imposed on U.S. ships. Trump has made it clear that regaining control of the canal is a priority for his administration, asserting that American vessels are being overcharged.
The Panama Canal Authority reported that the canal generated approximately $5 billion in revenue last year, underscoring its significance to both Panama and international trade. Mulino reiterated that Panama has not received any credible information regarding foreign military presence in the canal area, asserting that its administration remains solely in Panamanian hands.
During Rubio's visit, discussions will also cover other pressing issues, including migration and drug trafficking, as Panama serves as a transit point for many migrants heading towards the U.S. border. The U.S. previously controlled the canal until a treaty in 1977 led to its full transfer to Panama in 1999.