Panama has decided to step away from a major global project led by China. The country’s president, José Raúl Mulino, announced that it will not renew its deal with China’s Belt and Road Initiative.
This decision came after a visit from Marco Rubio, the U.S. Secretary of State. With this move, Panama becomes the first Latin American nation to leave the initiative, which is seen as China’s way of increasing its influence worldwide.
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