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Mun Locals 2019 Research Report
Mun Locals 2019 Research Report
Position Chair
Introduction
The Gulf of Guinea is currently the world’s worst pirating hotspot where there are
currently 72 attacks in the previous year due to such, a jump from last year’s 24. It is
estimated that the cost of these crises has amounted to over 2 billion dollars. Given how
the Gulf of Guinea is the main transit site of trade and economic development in the
area with the supplying of 80% of income of the national budget, this is detrimental,
given 70% losses in its main port. It also has international ramifications as the Gulf
supplies 25% of the United States’ imported oil reserves, and the United Kingdom’s
frequent declarations of risk of their goods, amounting up to 10.2 billion dollars. In
regards to the former, this causes the price of oil to rise drastically, while the latter
involves the increased, yet unnecessary financial investment into ship security.
Definition of Key Terms
Term Definition
Background Information
Even with the multitude of incidences where piracy has been identified, both in regards
to piracy at sea and armed robbery, where the latter involves the majority case, many
incidences have not been reported, estimated up to 50%. After thorough analysis, it has
been identified that piracy takes place only at the high seas, at least 12 nautical miles
away from shore, while armed robbery is identified within territorial seas, and thus the
responsibility of a given member state. Other forms of disasters include oil bunkering,
hostage-taking, human and drug trafficking, terrorism, and corruption.
This crisis is relevant not only for its safety and ethical issues, but also for its location as
an economically strategic trading site. Oil and gas in the region are extremely prolific,
and the recent discovery of offshore hydrocarbon fields imply a large expanse in this
energy industry. Many investors, including China, the United States, and the United
Kingdom, recognize this and have expressed dismay in how prices have increased for
oil and how the lack of security leads to many ramifications. This fares even more
detrimental for the regional countries on the coast who depend on oil for their livelihood
and economic development.
Thus, possible solutions would involve a wider scope of such patrolling. Collaboration
between member states is of utmost importance. Enforcing strategies within
Interregional Coordination Centre (ICC) to share and coordinate information towards the
Regional Centre for Maritime Security of West Africa (CRESMAO), and the Regional
Centre for Maritime Security of Central Africa (CRESMAC) is an example of proposed
projects. Financing from Higher Income Countries are also imperative (see
organizations in “Major Countries and Organizations Involved” for examples).
Bibliography
“EU Maritime Security Factsheet: The Gulf of Guinea.” EEAS,
eeas.europa.eu/headquarters/headquarters-homepage/52490/eu-maritime-securi
ty-factsheet-gulf-guinea_en.
Osinowo, Adeniyi Adejimi. "Maritime Piracy in the Gulf of Guinea." Transnational
Organized Crime in West Africa (2013): 45-52. Africa Center for Strategic
Studies, Feb. 2015. Web. 30 Aug. 2016.
<http://africacenter.org/wp-content/uploads/2016/06/ASB30EN-Combating-Piracy
-in-the-Gulf-of-Guinea.pdf>.
“The Gulf of Guinea Is Now the World's Worst Piracy Hotspot.” The Economist, The
Economist Newspaper, 29 June 2019,
www.economist.com/international/2019/06/29/the-gulf-of-guinea-is-now-the-world
s-worst-piracy-hotspot.