John Kerry Calls on Secretary Snow for Full Disclosure in Dubai Ports Deal

February 22nd, 2006

In the latest development in Dubai port takeover deal, John Kerry sent a letter today, to Secretary John Snow, Chairman of the Committee on Foreign Investment in the United States (CFIUS) asking him to release all information relating to contacts between Administration officials, CFIUS members and staff, and Dubai Ports World (DP).

Kerry is demanding full disclosure on the events leading up to the deal proposed by the Bush administration to have the United Arab Emirates based company run operations at six major United States ports.

Below is a copy of the letter,

February 21, 2006

The Honorable John Snow, Chair
Committee on Foreign Investment in the United States
Office of International Investment
Department of Treasury
1500 Pennsylvania Avenue, N.W. Room 4201 NY Washington, DC 20220

Dear Mr. Secretary:

I write to you in your capacity as Chairman of the Committee on Foreign Investment in the United States (CFIUS) regarding the review and approval of the sale of Peninsular and Oriental Steamship Navigation Company to Dubai Ports World (DP). As you know, this sale would give DP, a company owned by the government of the United Arab Emirates, significant operational control over six major US ports.