Panamanian President Jose Raul Mulino, after talks with US Secretary of State Marco Rubio, said that the country's government would not extend the memorandum of understanding with China on the "One Belt— One Road" initiative.

Panama has decided to step away from a major global project led by China. The country’s president, José Raúl Mulino, announced that it will not renew its deal with China’s Belt and Road Initiative (BRI).

José Raúl Mulino, President of Panama has announced that the Country ‘will not renew’ its participation in China’s Belt and Road Initiative (BRI) after a meeting US Secretary of State Marco Rubio on Sunday,