Piracy off coast of Somalia "fractured but not broken"Listen /
Although the number of attacks by pirates off the coast of Somalia has gone down, "the game is not over" yet.
That's what Maciej Popowski, Deputy Secretary-General of the European Union External Action Service told reporters in New York on Wednesday.
Mr. Popowski spoke before a meeting of the Contact Group on Piracy off the Coast of Somalia which was created by the Security Council in 2009 and is chaired by the European Union this year.
"The piracy business model, because it is a business model, is fractured but not broken and thanks to our engagement not least through the Atalanta Maritime Operation and the Capacity Building EUCAP Nestor we've managed to contained the piracy and the numbers are very telling because the numbers of attacks by pirates have gone down to a handful per year but it's not over. The game is not over. We need to continue with our engagement and we need to engage on land. That's why capacity building on land is so crucial." (28")
According to reports, piracy off the coast of Somalia cost close to $7 billion a year in global trade.
Stephanie Coutrix, United Nations