Maritime piracy: a threat to global trade - UNCTAD
Part I of the report presents overall trends in maritime piracy and
related crimes and highlights some of the key issues at stake by
focusing on costs and broader trade-related implications.
Part II of the report provides an overview of the contemporary
international legal regime for countering piracy and identifies key
examples of international cooperation and multilateral initiatives to
combat the phenomenon.
The importance of oceans and seas for trade-led economic prosperity
has increased in tandem with growth in the world economy, global
merchandise trade and maritime transport activity.
However, increased international trade volumes and value have also
heightened the exposure and vulnerability of international shipping as a
potential target for piracy, armed robbery and other crimes.
During the past decade, which has seen a dramatic rise in maritime
piracy in East African waters and pirates becoming more sophisticated,
violent and resilient, the issue has considerably increased in
importance and emerged as a transnational humanitarian, economic and
security challenge.
While intensified international counter-piracy efforts have since
contributed to a reduction in the number of incidents in the region,
this positive trend remains fragile and could be undermined and reversed
unexpectedly. In addition, with a surge in piracy in the Gulf of Guinea,
West African waters are also emerging as a dangerous hotspot for piracy.
Given the issues at stake and the broad range of costs and
trade-related implications of maritime piracy at the regional and the
global level, sustained long-term efforts to combat and repress piracy
clearly remain a matter of strategic importance.
While progress will ultimately also depend on the economic situation
and on political stability in affected regions, addressing the challenge
of piracy in an effective manner needs strong cooperation at the
political, economic, legal, diplomatic and military levels and
cooperation between diverse public and private sector stakeholders
across regions.
As part of its mandate on trade logistics, UNCTAD carries out
substantive research and analysis on a wide range of legal and policy
issues affecting transport and trade, and disseminates information on
recent developments including in the field of maritime and supply-chain
security, and maritime piracy. |