The Somali pirates don't have any political agendas that they want to insert. The only benefit they reap are the ransoms they receive but, on the political sphere, they seem to be without a purpose. In general, the pirates' actions are considered a reaction to the exploitation of Somalia. Piracy is not only a threat to the security, economies, and stability of the different countries of the region.
Countries such as Yemen, who controls the southern entrance of the Red Sea, and Egypt, who controls the northern entrance via the Suez canal, are at the forefront of this dilemma. Arab countries could also suffer the majority of economic loss due to the oil transport. Since Arab oil coming from the Persian gulf must be transported to Europe and the United States via the Suez canal, any disturbance in existing routes poses a serious security and economic threat to the world.
Egypt sustained direct repercussions as a result of piracy, which endangered Egyptian vessels and impacted negatively on shipping traffic through the Suez Canal. The negative ramifications on Egypt's national security are also important. The whole situation requires swift actions on the part of Egypt in order to preserve national interests.
Cairo could move in cooperation with other countries or international organizations with which share similar worries over the security of the region, or it could act unilaterally if collective action proves impossible. Safeguarding shipping through the Red Sea and nearby areas is an Egyptian top priority. Piracy could lead to the diminishing of revenue gained by Egyptian coffers off the Suez Canal, which make up one of the largest foreign currency income sources for Egypt.
Revenues from the Suez Canal fell from $469.6 million in September to $467.5 million in October to $419.8 million in November. According to experts, revenues will dramatically decrease should the problem of piracy remain unresolved.
An international coalition of forces led by the United States, France, and other Western countries was formed to battle this crisis. The United Nations Security council has passed a legislation that allowed for military presence of Western countries in Somali waters. The fear of turning the Red Sea into an international water passage has sparked alarms in the neighboring countries.
It is widely thought that the United States and EU's presence in Somalia is primarily to internationalize the southern entrance to the Red Sea and the Gulf of Aden. The consequences of piracy are most apparent in Somalia itself. The country receives approximately $236.4 million in economic aid. This aid is necessary to provide food and basic provisions for millions of impoverished Somalis.
Solutions for key issues
Danger in Somali waters has forced the World Food Programme to intermittently suspend shipments, putting Somalia's food stock in serious danger. Without food and other basic necessities, it will be very difficult for Somalia to grow and build a viable economy. Acts of piracy spawned largely because of the economic hardship in Somalia. Somali economic growth is depending upon the successful control of piracy in the Gulf of Aden.
A strong Somali government backed by a reliable police force is probably one of the most powerful tools in combating piracy issues in Somalia. This will enable Somalia to enforce its maritime rights and begin to rebuild damaged industries such as fishing, among other commercial advances. As long as disastrous economic conditions persist, the vast rewards of piracy will remain in existence.