• 19 hours ago
US President Donald Trump has repeatedly called for the US to regain control of the Panama Canal which is used by thousands of cargo ships each year. The US-built canal was handed over to Panama on December 31, 1999 and has been operated by it since then.

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00:00These locks are part of the original US-controlled Panama Canal from 1914,
00:05helping ships cross Panama, 82 kilometers across, from one ocean to another.
00:10A passage now used by thousands of cargo ships each year,
00:14and a vital part of international commerce.
00:22Under Panamanian control, the decision was made to expand the canal
00:27due to rising worldwide demand for shipping.
00:31The ships were becoming much larger,
00:33and we needed a way to be able to let them through the canal.
00:37In 2016, the construction of the canal expansion was completed.
00:46This is the canal's administration building,
00:48for more than 80 years off-limits to Panamanians unless they had a special permit.
00:54Sadness, a lot of humiliation.
00:57I'm right now in the administration building.
01:00That was just a dream.
01:01We could not even enter the canal area.
01:04It was forbidden for all Panamanians to be in the canal area.
01:09The canal operates under a neutrality treaty, which the US pledged to defend by force.
01:14But now Donald Trump calls the canal a vital asset of the US.
01:19The canal belongs to Panama.
01:21It is administered by Panama and stipulated in the constitution,
01:25as well as in the treaties.
01:31Panama charges passage fees for ships depending on their dimensions
01:35and the uses of the vessel, not their nationality.
01:39But Trump says those fees are too high.
01:44Panama has the second highest tonnage and ships under registry,
01:48but vessels are treated the same,
01:51whether they are registered as American or Russian or Chinese.
01:59The country received significant income from operating the canal,
02:03almost two and a half billion dollars last year.
02:10We have proven to the world not only that we can manage the canal well,
02:15but that without the United States or any other nation,
02:21we also built an expansion that today earns 55% of the canal's income.
02:26In other words, more than the old canal built by the Americans.
02:31We paid for it ourselves, from the funds that came out of the canal
02:35and our good administration of it.
02:39For now, the canal is still a state enterprise
02:42that by Panamanian law can only be operated by Panamanians themselves.

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