As a result virtually all formal non-farm jobs are in the former canal zone.
In 1954, Britain and Egypt initialled an agreement to end British occupation of the Suez Canal Zone.
Today, the railway still ferries valuable cargo across the Canal Zone including curious day-trippers on jungle-thick journeys past man-made lakes, locks and causeways.
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The government has finally got around to developing the prime land once occupied by American military bases in the former Canal Zone.
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Much of the old Canal Zone the 16km-wide enclave on its banks that was United States territory has already been turned over to Panama.
When the Egyptians rejected this, British planes started bombing the Egyptian air force on the ground and on November 5th Anglo-French troops went ashore to begin the invasion of the canal zone and, it was hoped, topple Nasser.
In the former Canal Zone, meanwhile, another diplomatic tiff concerned Panama's decision to award a contract to run the ports of Cristobal and Balboa to Hong Kong's Hutchison Whampoa Ltd. in a deal that Ambassdor Hughes said was unfair to American bidders.
The agency responsible for building the canal and administering the Canal Zone, the Isthmian Canal Commission (ICC), had no alternative but to provide them with such American necessities as iceboxes and porcelain baths as well as such perks as home leave and houses with wide verandas.
Laxalt expressed the view that, had he and his colleagues known then what is now known about the hemispheric context and Communist Chinese penetration of the Canal Zone (among other places in the region), there would almost certainly have been the votes needed to reject that accord.
Businessmen and investors are needed, for instance, to develop the 150, 000 hectares (370, 000 acres) of canal-zone land that have just been handed over by the United States.
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