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the gulf of guinea and the global economy - AIPN

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IV.Need for Urgent Actions(2)The Question <strong>of</strong> Maritime Safety <strong>and</strong> Security‣ Need for a focused <strong>and</strong> coordinated approach throughregional cooperation <strong>and</strong> partnerships;‣ Stylized Facts:• Risks <strong>of</strong> accidents: 85% <strong>of</strong> vessels in <strong>the</strong> region are over 20 year- old(international average is 15%);• Maritime pollution: important urban <strong>and</strong> industrial wastes;• Security concerns: piracy <strong>and</strong> unlawful activities;• Illegal trade: weapons, drugs, people?• Estimated costs <strong>of</strong> insecurity: $370 million each year.16

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