Posted on 03/21/2006 6:16:56 PM PST by mr_hammer
Arab and US officials are growing nervous at the prospect of a second congressional uprising against the acquisition of American assets by a Middle Eastern-controlled company in the wake of the Dubai Ports World debacle.
Snip ...
(Excerpt) Read more at news.ft.com ...
The guideline if we take homeland security seriously is simple and common sense.
What the administration is doing, I don't know and cannot kindly account for.
Chinese to Partner on Boeing Airplanes, 7E7 Dreamliner
BEIJING, June 10, 2004 -- Boeing [NYSE: BA] today, with China Aviation Industry Corporation I (AVIC I) and China Aviation Industry Corporation II (AVIC II), signed memoranda of understanding to provide parts and assemblies for Boeing airplanes, including the rudder for the Boeing 7E7 Dreamliner. The signing celebration at the Boeing China office marked the first announcement of Chinese suppliers selected for Boeing 7E7 opportunities.
Boeing will work with Chengdu Aircraft Industrial (Group) Co. Ltd. (CAC), an AVIC I affiliated company, for supply of the rudder -- a key component of the vertical fin that provides stability for an airplane's directional control. Boeing is developing additional opportunities for Hafei Aviation Industry Co., Ltd (Hafei), an AVIC II affiliated company, to produce metallic and composite parts and assemblies for various Boeing jetliners, including the 7E7. The total value of China opportunities with Boeing, including the 7E7 rudder and work on other airplanes, could reach several hundred million dollars.
"China has an important role on the 7E7 program," said Jim Morris, senior vice president of Supplier Management for Boeing Commercial Airplanes. "Chengdu Aircraft and Hafei represent the talents, technological capabilities and resources of Chinese aviation industry that Boeing needs to provide the best value to our airline customers."
Other officials joining Morris at the partner signing event were Yang Yuzhong, executive vice president, AVIC 1; Luo Rong Huai, chairman and president, CAC; Xu Zhangbin, vice president, AVIC II; Wang Ning, Hafei; and David Wang, president of Boeing China. Also on hand was Mary Armstrong, vice president and general manager of the Boeing Fabrication Division, representing the Composite Manufacturing Center , through which the rudder contract is managed.
"We are honored to be one of the first supplier partners in China to be named to such an important role supporting the Boeing 7E7 Dreamliner," said Luo. "We want to add our strengths to make Boeing's Dreamliner dream come true."
Commercial aviation is crucial to the advancements that will sustain continued economic growth and development in China . Boeing has worked together with China 's aviation industry for more than 30 years. To date, Boeing has procured more than $500 million of aviation hardware from China.
Today, more than 3,400 Boeing airplanes -- one third of Boeing's world fleet -- have major parts and assemblies built in China. Examples of major parts and assemblies built for Boeing by Chinese industry include the 737 horizontal stabilizer from Shanghai Aircraft Corp., 737 vertical fin from Xian Aircraft Corp., 737 tail section modules from Shenyang Aircraft Corp., and 757 empennage and aft fuselage section from Chengdu Aircraft Corp. All are AVIC I affiliates.
Boeing is China 's largest commercial aviation partner. Over the next 20 years, Boeing forecasts China will need 2,400 jetliners, becoming the world's second largest airplane market.
A Chinese engineer designed Boeings first seaplane!!!!
30% and thats what is making the UAE rethink the deal.
Sounds like those who want to ban all Mexicans from entering the United States.
What's the problem?
and that poster's reply is moving the goalpost. first he claimed that duncan hunter didn't oppose COSCO. then when i pointed out that he led the charge against COSCO, he berated him for not kicking them out with this bill.
that is why posters like that aren't worth engaging in discussion with, and why i addressed my reply to cowboy jay.
Those who know anything about port operations know that the deal was in the interests of the USA. It was killed by RAT-led Know Nothings.
Not well known outside of Navy circles but they have been depth-charging US subs inside their so-called national waters.
ah, a voice of reason :)
Your idea of a simple and commonsense method is to turn the War on Terror into a War on Islam.
BCCI - ABU DHABI: BCCI'S FOUNDING AND MAJORITY SHAREHOLDERS
http://www.fas.org/irp/congress/1992_rpt/bcci/14abudhabi.htm
The BCCI Affair
http://www.fas.org/irp/congress/1992_rpt/bcci/
Bert Lance, President Jimmy Carter, and assorted other character, resulting in a taxpayer bailout of banks measured in the billions. And ... there are strings being pulled here that reach to fundamental world economy and intrigue.
By September 21, 1977, when Bert Lance tendered his resignation from the position of director of the Office of Management and Budget (OMB) to President Jimmy Carter, Lance had become the most notorious banker in the United States. ...The Sami memo described an intentional strategy by BCCI, Lance, Adham, Fulaij, and other members of the BCCI group to disguise BCCI's underlying interest in the transaction, and the fact that the individuals were acting as a group, in order to circumvent SEC disclosure rules. ...
http://www.fas.org/irp/congress/1992_rpt/bcci/06early.htm
By the time of the October 1988 indictment of BCCI in Tampa as a result of a Customs money-laundering sting operation, BCCI had secretly acquired a coast-to-coast network of United States banks operating in New York, Maryland, Virginia, the District of Colombia, Georgia, Florida, Tennessee, and California without U.S. or state regulators ever catching on to BCCI's ownership and control of the institutions. Accomplishing this goal had been expensive for BCCI, which had consistently paid more for each bank than the market would dictate for any normal banking institution.http://www.fas.org/irp/congress/1992_rpt/bcci/07later.htm
The relationships involving BCCI, the CIA, and members of the United States and foreign intelligence communities have been among the most perplexing aspects of understanding the rise and fall of BCCI. The CIA's and BCCI's mutual environments of secrecy have been one obvious obstacle. For many months, the CIA resisted providing information to the Subcommittee about its involvement with and knowledge of BCCI. Moreover, key players who might explain these relationships are unavailable. Some, including former CIA director William Casey, and BCCI customers and Iranian arms dealers Ben Banerjee and Cyrus Hashemi, are dead. Others, including most of BCCI's key insiders, remain held incommunicado in Abu Dhabi. While promising in public hearings to provide full cooperation to the Subcommittee, to date the Abu Dhabi government has refused to make any BCCI officers available for interview by the Subcommittee. Former BCCI chairman Agha Hasan Abedi remains severely incapacitated due to a heart attack. Finally, some persons in a position to know portions of the truth have denied having any memory of events in which they participated and of documents which they reviewed.A baseline for assessing the BCCI-CIA story is the CIA's official record of its use of BCCI and its targeting of the bank, as set forth in several hundred CIA records created from 1982 through 1992. That record was, by and large, accurately represented by CIA acting director Richard Kerr in public testimony on October 25, 1991, supplemented by more detailed, classified testimony on October 31, 1991. Unfortunately, that record also contains ostensible gaps in knowledge on the part of the CIA about the activities of key contacts in the Middle East for U.S. intelligence -- including BCCI shareholders Kamal Adham and Abdul Raouf Khalil, and BCCI customer and Iran/Contra arms merchant Adnan Khashoggi -- which strain belief.
That's exactly what it is, if we're admitting any honesty at all about it.
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Home > News & Policies > February 2006
For Immediate Release
February 25, 2006
Fact Sheet: DP World: Myth Vs. Fact
MYTH: The Bush Administration is outsourcing the security of our ports to a company owned by the Government of Dubai in the United Arab Emirates (UAE).
FACT: The United States government is in charge of U.S. port security. We will never outsource the security of our ports. The U.S. Coast Guard and Customs and Border Protection are in charge of security of our ports.
MYTH: UAE is a haven for terrorists and allowing a UAE-owned company to control our ports will endanger our national security.
FACT: UAE is a friend and ally of the United States, a partner in the Global War on Terror, and a strong partner in global port security. Partners like the UAE are siding with the international community in the fight against terror. The UAE has been very helpful in the fight against terrorism, especially intelligence sharing and cutting off terrorist financing. The UAE has worked with us to stop terrorist financing and money laundering, including by freezing accounts, enacting aggressive anti-money-laundering and counter-terrorist-financing laws and regulations, and exchanging information on people and entities suspected of being involved in these activities. The UAE has a world class carrier port, and we have more U.S. Navy ships in UAE ports than in any other port outside the United States. The UAE services our ships while in port, refueling them, providing them with food and water, and doing small repairs, among other services. Dubai was the first Middle Eastern entity to join the Container Security Initiative - a multinational program to protect global trade from terrorism.
General Peter Pace, Chairman Of The Joint Chiefs of Staff: "[T]he military-to-military relationship with the United Arab Emirates is superb. ... They've got airfields that they allow us to use, and their airspace, their logistics support. They've got a world-class air-to-air training facility that they let us use and cooperate with them in the training of our pilots. In everything that we have asked and work with them on, they have proven to be very, very solid partners." (U.S. Department Of Defense, Press Briefing, 2/21/06)
General Tommy Franks, Former CENTCOM Commander: "I personally believe that we have had no greater ally in seeking a resolution of problems in the Middle East, the Palestinian issue, the Israeli issue, than we have found in the United Arab Emirates." (Fox News' "Hannity & Colmes," 2/22/06)
MYTH: This transaction will make it easier for terrorists to infiltrate America's ports.
FACT: America's ports will be just as secure after the DP World transaction as they were before. First, the workers unloading cargo at the Nation's ports will remain the same ones working today. Any management or other personnel from outside the country will still have to go through the normal visa application process, which includes a very rigorous vetting process that not only does systems checks, but also other background and fingerprint checks. Once in the United States, visa recipients are put through another set of checks to make sure no critical information has changed since the visa was issued. The visa process has been strengthened and improved by the Federal government since the terrorist attacks of September 11, 2001.
MYTH: Because DP World is a state-owned firm, a foreign country will own the ports of six major U.S. cities.
FACT: The ports will remain under the ownership and control of state and local authorities, not DP World. As a port operator, not owner, DP World will manage the physical equipment and movement of containers on and off of ships, not the security related to the shipped containers, which is the responsibility of U.S. Customs and Border Protection. As a result of the transaction, DP World will own and operate terminals at some U.S. ports, which means they will be responsible for physically operating the cranes that move cargo. Ports are publicly owned facilities, typically by State or local authorities. Like all port operators, foreign or domestic-owned, DP World will have to comply with Coast Guard and Customs security regulations. In addition to meeting all these standards, DP World has committed to additional security measures requested by the Department of Homeland Security and signed a letter of assurances making commitments to meet and maintain stringent security standards for the port terminals that they will operate in the United States.
MYTH: No foreign-state-owned firms operate terminals in U.S. ports.
FACT: Several terminal operating companies at U.S. ports are joint ventures or are owned by foreign-state-owned firms. The China Overseas Shipping Company (COSCO), a state-owned firm, has a joint operating agreement with a U.S. stevedoring company at Long Beach, California. Eagle Marine Services - which operates terminals in Seattle, Los Angeles, and Oakland - is owned in part by the government of Singapore. The Yang Ming Marine Transport Company - which operates terminals at Tacoma and Los Angeles - is owned, in part, by the Taiwanese.
MYTH: The CFIUS review process was merely a rubber stamp.
FACT: The CFIUS review process was a rigorous and thorough analysis of the national security implications of the transaction. Well before the transaction was publicly announced, both DP World and Peninsular and Oriental Steam Navigation Company (P&O), a British private company, contacted the Committee on Foreign Investment in the United States (CFIUS) on October 17, 2005, and notified the Committee that they intended to file for a national security review. In reviewing a foreign transaction, CFIUS brings together 12 Federal agencies, including the Department of Defense, the Department of Homeland Security, and the Department of Justice to consider transactions from a variety of perspectives and identify and analyze all national security issues. Each Federal agency conducts its own internal analysis, and in this case, the Departments of Transportation and Energy were also brought in to review the process.
On November 2, an intelligence assessment was requested and a little more than 30 days later, the intelligence community concluded that DP World's transaction does not pose a threat to the U.S. national security. This assessment was completed before CFIUS's official review began.
On December 16, the companies made their official filing with CFIUS that began the 30-day review process. During this 30-day period, the Department of Homeland Security negotiated an assurances letter with the companies. Roughly 90 days after first being approached about the transaction and 75 days after thorough review of the transaction began, the CFIUS members decided not to oppose the transaction, and the review closed on January 17. As with any CFIUS decision not to pursue further investigation, the decision was made by consensus. The review process requires any agency that sees a potential credible threat to the national security to raise those concerns.
MYTH: The Administration is ignoring the law.
FACT: Just as was the case under the first Bush and Clinton administrations, the CFIUS process has required a Federal agency to register a security concern before a further investigation can be launched. When there is a consensus of CFIUS members, the transaction does not proceed to an extended investigation. A Committee consensus means that no member saw any national security threat, or there were no unresolved national security concerns to prevent the transaction from going forward.
MYTH: This transaction is only now being made public.
FACT: DP World announced its intent to purchase P&O on November 29, 2005. Even before the official announcement, the press was reporting on the possible transaction as early as October 30. Between October 2005 and January 2006, there were at least 162 mentions of the transaction in the press.
Speak up now, less',n all youse anti-DPW folks want to be branded as hypocrites.
How dare we have leaders who don't treat the rest of the world as enemies at all times? These leaders cause SUCH grief amidst the Know-Nothings.
How the RATS love Know Nothings they can lead around by the nose because the Know Nothings don't understand that the RATS are total Traitors without a regard OR a clue about National interests or National Security.
If they weren't Know Nothings jumping to RAT Lies they would understand the vital important of maintaining strong ties to those in the Middle East who have stepped up and stood by our military efforts. These first rate accommodations put the UAE government at risk yet our Know NOthings care nothing for such REALITIES preferring RAT fantasies and LIES. Endangering our military, its efforts and our President following the LIES of the Treason Media/Party of Treason the HOuse really embarassed itself with it shameful display of full blown xenophobic ignorance.
Yeah Know Nothings are so much more reliable than an administration which has had to fight the RAT lies, foreign sabotage, and just plain weird allies who believe Isolationism is a foreign policy.
How stupid can you get?
What does the US have to do with a British company or will any excuse to spit in the eye of our greatest ally in the Gulf of Arabia do?
Another outbreak of Lunacy you mean?
Imagine such financial idiots as to want representation in leading edge technologies. They should be satisfied with tube tvs and the Stanley Steamer shouldn't they?
It is entirely a question of stabbing in the back our ally. There is nothing coming out of this strain of hysterical ignorance BUT damaging our allies and us.
bttt
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