Search: Piracy,Africa (2 materials)

Horn of Africa - The High Costs of the Fight Against Piracy

... Minister for Foreign Affairs and Investment Promotion of Somalia, Abdirahman Dualeh Beileh, acknowledged the cost of Somali piracy for international trade globally and national budgets of states in the immediate vicinity. In fact, the negative effects of piracy in the Horn of Africa for those who are trading via the Gulf of Aden are not the same. Partners exposed to pirate-infested waters are prone to greater trade losses, if compared to more distant countries. The latter ones can easily take alternative trade routes more ...

19.05.2015

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