Evidently, the Panama Canal is drying up and so maritime traffic in the Pacific travels through the Strait of Magellan for safety and certainty. Chinese fishing is conducted in the South Atlantic, near Argentina; and the Falklands is patrolled by the British maritime.
Sensing the strategic importance of the region for minerals, President Milei is seeking to upgrade his military force as preliminary to Argentina's possibly joining NATO. (See the Economist, July 12th issue, pp.26 ff.) The area is actively enshrouded with a military presence of several nations.
One wonders, is it the right time to replace the Panama Canal with yet another? In the past, Nicaragua has been identified as a secondary location for pass-through one ocean to the other. Be that as it may, Chinese presence may now control the movement of cargo traffic through the Panama (i.e., my impression based on having been there).
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