Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-417-125"

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"Nowadays, 80-90% of global trade is carried out by sea. The annual cost of piracy to the global economy ranges between USD 7 and 12 billion, with the profits gained by the pirates in 2011 amounting to an estimated USD 238 million. Pirate attacks in the Arabian Sea, Gulf of Aden and Indian Ocean have risen from 20 in 2006 to 219 in 2011, while the area covered by the pirates has expanded now to 1 300 nautical miles from the Somali coast. The Gulf of Aden is one of the key maritime routes along which approximately 12% of the world’s oil is transported. Somali territorial waters and the adjacent coast are largely ungoverned, which allows piracy to flourish with impunity and affect the global maritime sector. This combination of illegal activity and lawlessness provides fertile ground for high levels of instability, organised crime and other transnational threats."@en1

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