"The Panamanian court had ignored the facts, breached trust, and seriously damaged the legitimate rights and interests of enterprises in Hong Kong, China, the HKMAO said on Tuesday. China has sufficient means and tools, and sufficient strength and ability to defend a fair and just international economic and trade order, the office said. Heavy prices both politically and economically will surely be paid by Panama if it insists on going ahead with the ruling, the office warned."
"Hong Kong firm CK Hutchison has announced the start of international arbitration proceedings against Panama after the country's top court annulled its contract to operate two ports on the strategic Panama Canal amid pressure from the United States. The announcement on Wednesday comes as the Chinese government's Hong Kong and Macau Affairs Office (HKMAO) said that Panama's ruling against CK Hutchison subsidiary the Panama Ports Company was absurd, shameful and pathetic."
"The decision last week by Panama's Supreme Court to annul the Hong Kong firm's contract to operate two ports on the canal followed after US President Donald Trump threatened to seize control of the crucial passageway that connects the Pacific and Atlantic oceans, claiming the waterway was effectively under Chinese control and therefore a security threat to Washington."
CK Hutchison has started international arbitration after Panama's Supreme Court annulled its contract to operate two ports on the Panama Canal. The court decision followed a threat by US President Donald Trump to seize control of the canal, citing perceived Chinese control and a security threat. China's Hong Kong and Macau Affairs Office condemned the ruling as absurd, shameful and pathetic, saying the court ignored facts, breached trust and damaged legitimate rights of Hong Kong enterprises. The office warned that China has the means to defend a fair international economic order and that Panama would face heavy political and economic consequences. Panama did not immediately respond.
Read at www.aljazeera.com
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