Somalia's, ecological parks and protected areas After the collapse of the central government in the ensuing civil war, the disbanded. The government at this time permitted foreign fishing through official licensing or joint venture agreements, forming two such partnerships in the Iraqi-Somali Siadco and Italian-Somali Somital ventures. It also received significant foreign investment funds for various fishery development projects, as the Somali fishing industry was considered to have a lot of potential owing to its unexploited marine stocks. History In the early 1980s, prior to the outbreak of the in Somalia, the Somali Ministry of Fisheries and the Coastal Development Agency (CDA) launched a development program focusing on the establishment of agricultural and fishery cooperatives for artisanal fishermen.As of November 2017, there were no major vessels or hostages remaining in pirate captivity. By 2010, these patrols were paying off, with a steady drop in the number of incidents. An anti-piracy coalition known as established a in the, aided by India and Russia. The has been active in policing the area, though some believe that it wants to collaborate with the pirates as a bulwark against insurgents. International organisations began to express concern over the new piracy due to its high cost to global trade and the incentive to profiteer by insurance companies and others. But this grew into a lucrative trade, with large ransom payments, and financial gain (piracy) was clearly the main motive. responded by forming armed groups to deter the invaders by hijacking commercial vessels.
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