The flag for the Maritime Exclusive Economic Zone of Panama conserves the pattern, yet the colours are altered to EEZ colours: black, white, and green. Although EEZs are international waters, nations that have oceanfront property have an extended area of sea and land underwater that is the envy of landlocked nations.
This flag is important since Panama is a powerhouse is registered ships. Amazingly this relatively small nation is behemoth with respect to its registered commercial activity.
Additionally this flag is a birthright flag for persons born within the Exclusive Economic Zone of Panama, which is 200 nautical miles directly out to sea.
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