This treaty established the Panama Canal Zone, a U. -controlled territory that effectively split the nation in two for nearly eight decades.
Panama Canal Future Stewardship Plans and Ownership
1999: Full control is transferred to the Republic of Panama. This government-owned, independent agency was created by the National Assembly to manage, operate, and modernize the canal.
The idea of a canal across the Isthmus of Panama was not new, but it was the United States that finally turned the concept into reality in the early 20th century. secured the rights to build and control the canal through the Hay–Bunau-Varilla Treaty.
Panama Canal Future Stewardship Plans Under National Control
Economic and Strategic Importance Panama’s ownership of the canal is more than a legal formality; it is a cornerstone of the nation's economy and geopolitical standing. Looking Forward: The Canal Under Panamanian Stewardship.
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