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Story summary
- The United States, Bolivia, Costa Rica, Guyana, Paraguay and Trinidad and Tobago warned that China is politicizing maritime trade and pressuring Panama-flagged ships.
- They issued a joint statement supporting Panama’s sovereignty after its Supreme Court in late January voided the 1997 CK Hutchison concession for the Balboa and Cristobal terminals.
- CK Hutchison rejected the ruling, filed a $2 billion arbitration claim, and noted that China increased inspections of Panama-flagged vessels.
