The accession of Panama contained the following statement designated as a "reservation":
"La República de Panamá se adhiere a dicha CONVENCIÓN con la reserva de que la República de Panamá no da su asentimiento a la palabra jurisdicción que aparece en el Artículo 2 de la versión española de la Convención, como equivalente del término suzerainty que aparece en el texto ingles".
("The Republic of Panama accedes to the said Convention with the reservation that the Republic of Panama does not give its assent to the word jurisdiction appearing in Article 2 of the Convention as equivalent to the term suzerainty which appears in the English text.")
Panama signed the Convention ad referendum, and subject to the following reservations:
1. Because of its strategic position and responsibility in the protection of the means of communication in its territory, which are of the utmost importance to world trade, and vital to the defense of the Western Hemisphere, the Republic of Panama reserves the right to take, with respect to all flights through the air space above its territory, all measures which in its judgment may be proper for its own security or the protection of said means of communication.
2. The Republic of Panama understands that the technical annexes to which reference is made in the Convention constitute recommendations only, and not binding obligations.