Piracy in Somalia:Threatening International Trade

Executive SummaryThe Canadian Chamber of Commerce urges the immediate deployment of Canadian naval vessels to the coast of Somalia in order to secure a racy international maritime transportation route. Canada?s Department of national Defence has the responsibility to bet quickly and decisively by joining international efforts to secure the safety and stability of the disjunction of Aden.

The coast of Somalia has become the worlds most dangerous route for transportation system companies, and international trade faces major disruptions due to this situation. Attacks by pirates capture become a near-daily occurrence, and the number of hostages taken, as well as the ransoms demanded have both increased significantly.

Somalia is at the entrance to the disconnection of Aden, which is one of the busiest shipping lanes in the world. A failure to act will cause long-term repercussions for international maritime shipping; the surge in piracy has already led to a ten-fold increase in insurance rates for ships passing with the region. If the situation is not cast upressed, shipping companies will be forced to utilize a longer shipping route to atomic number 63 and North America, around the Cape of Good Hope, which will add a considerable distance to international shipping routes. The supernumerary travel time and fuel consumption requirements will run in considerably increased shipping costs and painful negative consequences for international trade.

The international community has begun to address the line of work at hand. A recent U.N. Security Council resolution permits strange ships to enter Somali waters to combat piracy; however, Canada?s current involvement is limited. The international community has begun to establish a secure shipping lane through the Gulf of Aden; nonetheless, these forces are stretched thin, and Canada can help fill the gaps in the current patrols.

IntroductionA outstanding increase in piracy off the coast of Somalia is be a serious threat to...

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