Panama 1st Latin American nation to join Belt and Road Initiative

Posted on:06 Dec 2018 14:06:53
Panama 1st Latin American nation to join Belt and Road Initiative
06 December 2018 Current Affairs: Panama has become the first Latin American country to join China's Belt and Road Initiative (BRI).
China established diplomatic relations with Panama last year.
Chinese President Xi Jinping and his Panamanian counterpart, Juan Carlos Varela signed 19 deals, including:
  • An extradition treaty
  • An arrangement where China will provide a non-specified amount of non-reimbursable aid to carry out various projects.
  • Memoranda of understanding on commercial, tourist, educational matters. 
  • Other deals on trade, infrastructure and banking.
Panama has become the first Latin American country to join China's Belt and Road Initiative (BRI).
China established diplomatic relations with Panama last year.
Chinese President Xi Jinping and his Panamanian counterpart, Juan Carlos Varela signed 19 deals, including:
  • An extradition treaty
  • An arrangement where China will provide a non-specified amount of non-reimbursable aid to carry out various projects.
  • Memoranda of understanding on commercial, tourist, educational matters. 
  • Other deals on trade, infrastructure and banking.

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