In a significant move this Friday, China's Assistant Foreign Minister Zhao Zhiyuan summoned Panama's ambassador, Miguel Humberto Lecaro Barcenas, to express formal concerns over Panama's decision not to renew the Memorandum of Understanding (MOU) on the Belt and Road Initiative (BRI). 
The Belt and Road Initiative, launched by China, aims to enhance global connectivity and foster economic cooperation across continents. Panama's withdrawal marks a notable shift in the initiative's expanding influence in Latin America.
During the meeting, Zhao emphasized the importance of maintaining strong ties and collaboration, highlighting the mutual benefits that the BRI brings to participating nations. However, Panama's decision suggests a reevaluation of its strategic partnerships and developmental priorities.
Experts speculate that Panama might be seeking to diversify its international relations or focus on alternative economic strategies. This development could have broader implications for the BRI's footprint in the region and China's diplomatic efforts worldwide.
As the global landscape evolves, the dialogue between China and Panama will be crucial in shaping future collaborations and understanding the shifting dynamics of international cooperation.
Reference(s):
China lodges solemn representation over Panama's withdrawal from BRI
cgtn.com
