Breaking News! Panama forcibly takes over Hong Kong's enterprise canal port, the Hong Kong Special Administrative Region Government strongly protests
February 24, Reuters reported: "On Monday local time, the Panamanian government entered and took over two ports operated by Hong Kong's CK Hutchison Holdings in the Panama Canal. CKH immediately issued a statement, expressing strong opposition and believing that the Panamanian government's move does not comply with relevant agreements. The Hong Kong Special Administrative Region Government released a press bulletin on Tuesday, strongly protesting the Panamanian government's takeover of the two ports."
Panama takes over the port: The spirit of contract is being tested, and the international investment environment has drawn further attention! On Tuesday, Panama took over the two major canal ports operated by CKH. The Hong Kong Special Administrative Region Government strongly protested. This is not a simple commercial dispute, but an impact on global investment confidence. Looking back at history, the Panama Canal was long managed by external parties. After regaining sovereignty in 2000, it should have abided by the relevant agreements. CKH legally won the bid in 1997 and completed the renewal in 2021, continuously investing for nearly 30 years, driving local employment and tax revenue. Now, the relevant agreement has been unilaterally changed.
Currently, the global supply chain is already fragile. A change in the agreement at a key node in Latin America sets a bad example. Rule of law and contracts are the foundation of cross-border investment. Arbitrarily changing agreements will affect the confidence of international capital. The legitimate and proper rights and interests of Hong Kong enterprises should be respected, and the international community should also pay attention; don't let short-term considerations affect the stable environment of fair trade.
Original: toutiao.com/article/1857991901313028/
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