US encouraged by Panamanian court ruling on port concessions, Rubio says

Reuters01-30 23:49

WASHINGTON, Jan 30 (Reuters) - The United States is encouraged by the recent Panamanian Supreme Court's decision ruling that port concessions to China are unconstitutional, U.S. Secretary of State Marco Rubio said in a post on X on Friday.

Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison0001.HK, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals.

(Reporting by Ryan Patrick Jones and Daphne Psaledakis; editing by Susan Heavey)

((Daphne.Psaledakis@thomsonreuters.com;))

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