Caixin
Dec 04, 2018 07:39 PM
BUSINESS & TECH

China Rewards Panama With Trade, Investment Deals

Children waves flags of China and Panama as they await the arrival of Chinese President Xi Jinping at Tocumen International Airport in Panama City, Panama, on Sunday. Photo: VCG
Children waves flags of China and Panama as they await the arrival of Chinese President Xi Jinping at Tocumen International Airport in Panama City, Panama, on Sunday. Photo: VCG

President Xi Jinping signed a raft of agreements with Panamanian counterpart Juan Carlos Varela on Monday, increasing China’s influence in a region the U.S. considers its own backyard.

The two leaders announced during a televised address (video in Spanish) that they signed 19 agreements, including an extradition treaty, an arrangement for nonspecified Chinese aid for projects in the country, as well as deals on trade, infrastructure, banking and tourism, details of which have yet to be published.

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