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GREAT COMPETITION FROM THE POWERS

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The US and China are competing to control the Panama Canal, the cornerstone of world trade

18:00 - 20:00

Mikel Reparaz, head of EITB's international area on the Panama Canal

This waterway is a strategic step that brings together the tension between the two powers: the United States, the country that built the canal more than a century ago, and its rival, China. Five percent of all world trade passes through the channel to prevent the American continent from being surrounded, which has great benefits for Panama, the country that has controlled the channel for 26 years.

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Paris (FRA), 17/04/2026.- (L-R) Italian Prime Minister Giorgia Meloni, Britain's Prime Minister Keir Starmer, France's President Emmanuel Macron and German Chancellor Friedrich Merz give a joint statement after an international summit to restore freedom of navigation in the Strait of Hormuz, at the Elysee Palace, in Paris, France, 17 April 2026. (Francia, Reino Unido) EFE/EPA/MICHEL EULER / POOL MAXPPP OUT
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The EU says the opening of Ormuz is good news but insists that travel must be free

"The imposition of tolls for transit would set a dangerous precedent," said the European Union's High Representative for Foreign Affairs, Kaja Kallas. On the other hand, in the context of the crisis and convened by France and the United Kingdom, 50 countries and international organizations have met in Paris. They have announced the launch of a "neutral" maritime mission to "assist and protect" ships passing through the Persian Gulf.

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