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Friday, June 03, 2005

US Warns Saudi Arabia to Reduce Human Trafficking

U.S. Warns Saudi Arabia to Reduce Human Trafficking (Update1)

By Demian McLean June 3 (Bloomberg) -- The U.S. today warned Saudi Arabia, theworld's largest oil exporter, to step up its efforts against humantrafficking or face the possibility of sanctions. The Saudi regime fell two notches this year to the lowestranking in the State Department's annual ``Trafficking in PersonsReport,'' which says that 600,000 to 800,000 people are bought andsold across international borders annually. Qatar, Kuwait and theUnited Arab Emirates also fell to the lowest ranking. ``Our hope is there will be enough progress in freeingvictims or throwing traffickers in jail'' within three months,Ambassador John Miller said at the State Department. The U.S. sanctions, which don't apply to trade, would requirethe U.S. to oppose loans from global entities such as theInternational Monetary Fund or the World Bank. Saudi Arabia has noloans from either institution. The four Arab countries have used trafficking victims as domestic servants and child jockeys in camel races, among otherroles, Miller said.

Worker Protection
Domestic workers have no protection under Saudi labor laws,and most abuses of foreign workers are settled under Islamic lawor by royal decrees, the report says. The Saudi Embassy inWashington declined to comment. Equatorial Guinea and Venezuela are two nations that havebeen sanctioned under the trafficking law. While the West Africancountry improved two notches in this year's report, Venezuelaremains at the bottom and faces U.S. opposition to internationalloans. ``The U.S. cannot, in itself, veto a loan to Venezuela,''said Daniel Drosdoff, spokesman for the Inter-American DevelopmentBank. The Washington-based institution is considering up to $2billion in loans to Venezuela over the next three years. The U.S.holds a third of the bank's voting shares. New countries in the report's lowest tier are Bolivia,Cambodia, Jamaica and Togo. Burma, Cuba, Ecuador, North Korea and Sudan retained their bottom rankings. Some 80 percent of human-trafficking victims worldwide arefemale, and 70 percent wind up in the sex industry, Miller said.Secretary of State Condoleezza Rice called it a ``modern form ofslavery.'' ``As the president has said, `Human life is the gift of ourcreator and it should never be for sale.'''

--With reporting by Janine Zacharia in Washington. Editor: Hughey.

Story illustration: For the full State Department report, see:
http://www.state.gov/g/tip/rls/tiprpt/2005/
To contact the reporter on this story:Demian McLean in Washington at (1) (202) 624-1864 or
dmclean8@bloomberg.net.
To contact the editor responsible for this story:Edward DeMarco at (1) (202) 624-1935 or
edemarco1@bloomberg.net.

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2 Comments:

benammons8760 said...

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========Latest Profile==========
Energy & Asset Technology, Inc. (EGTY)
Current Price $0.10
================================

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===============
"BREAKING NEWS"
===============

-Energy and Asset Technology, Inc. (EGTY) owns a global license to market
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T
he wood is very lightweight and strong, lighter than Poplar and over twice
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Deltic Timber Corp. currently trades at over $38.00 a share with about $153
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dollar agreements will be forthcoming. The Global Cedar nursery has produced
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All statements made are our express opinion only and should be treated as such.
We may own, take position and sell any securities mentioned at any time. Any
statements that express or involve discussions with respect to predictions,
goals, expectations, beliefs, plans, projections, object'ives, assumptions or
future events or perfo'rmance are not
statements of historical fact and may be
"forward,|ooking statements." forward,|ooking statements are based on expectations,
estimates and projections at the time the statements are made that involve a number
of risks and uncertainties which could cause actual results or events to differ
materially from those presently anticipated. This newsletter was paid $3,000 from
third party (IR Marketing). Forward,|ooking statements in this action may be identified
through the use of words such as: "pr0jects", "f0resee", "expects". in compliance with
Se'ction 17. {b), we disclose the holding of EGTY shares prior to the publication of
this report. Be aware of an inherent conflict of interest resulting from such holdings
due to our intent to profit from the liquidation of these shares. Shar,es may be sold
at any time, even after positive statements have been made regarding the above company.
Since we own shares, there is an inherent conflict of interest in our statements and
opinions. Readers of this publication are cautioned not
to place undue reliance on
forward,|ooking statements, which are based on certain assumptions and expectations
involving various risks and uncertainties that could cause results to differ materially
from those set forth in the forward- looking statements. This is not solicitation to
buy or sell st-0cks, this text is or informational purpose only and you should seek
professional advice from registered financial advisor before you do anything related
with buying or selling st0ck-s, penny st'0cks are very high risk and you can lose your
entire inves,tment.

9:14 AM  
jonatan28angel said...

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5:58 PM  

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