Panama Canal Treaty

The Panama Canal Treaty, signed in 1977 between the United States and Panama, established the terms for the gradual transfer of control of the Panama Canal from the U.S. to Panama. It aimed to end U.S. ownership, allowing Panama to take full control by December 31, 1999. The treaty included provisions for the operation and maintenance of the canal during the transition, ensuring the waterway remained open and neutral for international trade. The agreement marked a significant shift in U.S.-Latin American relations, promoting sovereignty and respect for Panama’s national rights.