n Acta Criminologica: Southern African Journal of Criminology - The staggering global economic and human cost of maritime piracy on the eastern seaboard of Africa : editorial
|Article Title||The staggering global economic and human cost of maritime piracy on the eastern seaboard of Africa : editorial|
|© Publisher:||Criminological and Victimological Society of Southern Africa (CRIMSA)|
|Journal||Acta Criminologica: Southern African Journal of Criminology|
|Affiliations||1 University of South Africa|
|Publication Date||Jan 2011|
|Pages||I - III|
In November 2010 the Secretary-General of the United Nations, Mr Ban Ki-moon, stated that piracy has had an immense impact on the economies of East Africa and the wider world. Furthermore, that international trade routes are being threatened and goods in the region becoming more expensive. The total cost of piracy to the global economy has been estimated at between seven and twelve billion US$ per year and the estimated annual cost to regional economies at 1,25 billion US$. The losses to the fishing and tourism industries of the Seychelles, a member of the Southern African Development Community (SADC), are estimated to be in the region of US$ six million per year, while the trade impact on Kenya is estimated at a loss of US$414 million. It has also been calculated that around two billion US$ is spent each year on naval operations (both by African and international forces) off the coast of Somalia in order to deter and disrupt the pirates operating in the region. Over 750 Somali piracy suspects have been tried or are awaiting trial in more than 11 countries. The cost of these trials and imprisonment in 2010 was estimated to be 31 million US$.
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