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Bush shrugs off objections to port deal
(AP)
Updated: 2006-02-22 10:00

Brushing aside objections from Republicans and Democrats alike, President Bush endorsed the takeover of shipping operations at six major US seaports by a state-owned business in the United Arab Emirates. He pledged to veto any bill Congress might approve to block the agreement.


An unidentified official guards a shipping container storage area at the Port of Miami Tuesday, Feb. 21, 2006. President Bush said Tuesday that a deal allowing an Arab company to take over six major US seaports, including New York's, should go forward and that he would veto any congressional effort to stop it. [AP]

The president on Tuesday defended his administration's earlier approval of the sale of London-based Peninsular and Oriental Steam Navigation Co. to Dubai Ports World, despite concerns in Congress it could increase the possibility of terrorism at American ports.

The sale — expected to be finalized in early March — would put Dubai Ports in charge of major shipping operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia. "If there was any chance that this transaction would jeopardize the security of the United States, it would not go forward," Bush said.

"It sends a terrible signal to friends around the world that it's OK for a company from one country to manage the port, but not a country that plays by the rules and has got a good track record from another part of the world," Bush said.

To assuage concerns, the administration disclosed some assurances it had negotiated with Dubai Ports. It required mandatory participation in US security programs to stop smuggling and detect illegal shipments of nuclear materials; roughly 33 other port companies participate in these voluntarily. The Coast Guard also said Tuesday it was nearly finished inspecting Dubai Ports' facilities in the United States.


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