If there's a way to solve the problem of actually getting all that information together and setting it in the hands of somebody who can make a useful decision, then it's a promising possibility. |
In Africa, I've had officials tell us if you bring in encryption equipment, they'll throw you in jail. |
It is appropriate to examine the government record, as well as the company record. |
It's very important to remember that it's your intellectual property; it's not your computer. And in the pursuit of protection of intellectual property, it's important not to defeat or undermine the security measures that people need to adopt in these days. |
The company will be taking over P&O North America, which is a U.S. company, and they do not have plans to change that corporate structure at this time. |
The point is, you can't be sure if you're legal in a lot of areas. |
The second thing that they agreed to is to give us what amounted to an open books promise, so that we could — without getting a subpoena, without getting a warrant — walk into their offices and ask for any records that they might have about any of their operations in the United States or any effort to control their operations from outside the United States. |
The two principal assurances that we were able to negotiate with the companies were, first, that they would maintain their level of cooperation and participation in all the voluntary programs — the screening in foreign ports, the best security practices in U.S. ports. |
There are more safeguards in this transaction than in any past port deal. |
This is a full review without preconceptions. We are going to give this transaction a very robust examination. |
This is a very big win for this administration. It is going to be the definitive statement on this issue for years to come. |
This isn't a headquarters city for banks anymore. Decisions for the largest banks are now made out of market, when before it was all handled locally. |
We now have access to information we didn't have before. ... It's no longer a 'gap.' We can have it anytime we like. |
We wanted to look at this one quite closely because it relates to ports. It is important to focus on this partner as opposed to just what part of the world they come from. We came to the conclusion that the transaction should not be halted. |
We were eager to have them continue in that. And P&O had become part of our best-practices program ... for security of the supply chain. We wanted to make sure that they (DP World) would continue with that. |