President of Panama, Laurentino Cortizo, has denied claims made by the US State Department that the country had agreed to waive canal fees for the US government. The statement, issued on behalf of the Panamanian government, refutes the alleged agreement and asserts that there is no truth to the claim.
The Panama Canal, a vital waterway connecting the Atlantic and Pacific oceans, plays a crucial role in global trade and commerce. The fees collected from vessels passing through the canal are a significant source of revenue for the country.
The assertion by the State Department that Panama had agreed to waive these fees for the US government had sparked concern and confusion among the public. However, President Cortizo was quick to address the issue and clarify the government’s stance on the matter.
In a statement released to the press, the Panamanian government emphasized the importance of the canal fees in supporting the country’s economy and infrastructure. President Cortizo reiterated that there had been no agreement to waive these fees for any country, including the US government.
The denial by President Cortizo underscores the value that Panama places on the canal and its role in generating revenue for the country. The clarification comes as a relief to many who were worried about the potential impact of waiving canal fees on Panama’s economy.
As the Panama Canal continues to be a critical artery for global trade, it is essential for the country to maintain its financial stability and uphold its agreements. President Cortizo’s swift response to the State Department’s claim reaffirms Panama’s commitment to transparency and accountability in its dealings with international partners.
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