Brief introduction of Panama Canal Treaty

The Panama Canal Treaty, also known as the Torrijos-Carter Treaty, is a treaty on the transfer of sovereignty over the Panama Canal signed by omar torrijos Herrera, leader of Panama's military government, and Jimmy Carter, President of the United States, on September 7 19771to replace the old treaty signed by 1903. In the same year, 65438+1 October1,the new treaty came into force, and the validity period was199965438+February 3 1. According to the new treaty, the Panama Canal is managed by the Canal Management Committee composed of officials from both countries, and the judicial and immigration agencies, customs and post offices in the canal area are gradually handed over to Panama for jurisdiction and operation. After the expiration of the new treaty, Panama will undertake the management and defense of the canal.