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| | 1977 Treaty Text (Site not responding. Last check: 2007-11-06) |
 | | In accordance with the terms of this Treaty and related agreements, the Republic of Panama, as territorial sovereign, grants to the United States of America, for the duration of this Treaty, the rights necessary to regulate the transit of ships through the Panama Canal, and to manage, operate, maintain, improve, protect and defend the Canal. |
 | | Consequently, during the duration of this Treaty, both Parties commit themselves to study jointly the feasibility of a sea-level canal in the Republic of Panama, and in the event they determine that such a waterway is necessary, they shall negotiate terms, agreeable to both Parties, for its construction. |
 | | Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal The United States of America and the Republic of Panama have agreed upon the following: Article I The Republic of Panama declares that the Canal, as an international transit waterway, shall be permanently neutral in accordance with the regime established in this Treaty. |
| www.serve.com /~CZBrats/treaty77/trtext.htm (5900 words) |
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