Panama Canal port operation concession deemed unconstitutional by Hong Kong court

A Panama High Court ruling has declared the concession to operate ports at the Panama Canal unconstitutional. The concession was held by a Hong Kong company.

The court made this decision, effectively canceling the firm’s contracts for operating the canal ports. This move is seen as a significant development in the ongoing power struggle between the US and China.

The ruling comes after President Donald Trump expressed support for the decision. The outcome of the case has implications for trade and commerce between the US and China.

A Hong Kong-based company had been granted a concession to operate the Panama Canal ports. However, the court has now voided this concession, citing constitutional grounds.

The decision is seen as a win for President Trump, who has been critical of the concessions made by his predecessors. The ruling also highlights the ongoing tensions between the US and China in the region.

The court’s decision is final and binding, and it will have significant implications for trade and commerce between the US and China.

Source: Google News World