Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

US drug traffic earns $63 bn per year: Official
AFP/ PTI / Ciudad Juarez (Mexico) Aug 27, 2009, 09:15 IST

Drug trafficking in the United States generates an annual income of $63 billion, Mexico's Secretary of Public Safety said.

Genaro Garcia Luna told a security forum in the border city of Ciudad Juarez — the epicentre of Mexico's drug violence — that a kilo of cocaine in Europe or the United States can sell for almost 50 times as much as it sells for in some Latin American countries.

"The cost of cocaine per kilogram in a country like Colombia or Mexico is $2,198, but in cities inside the United States or Europe people buy it for up to $97,400 per kilogram," Garcia Luna said yesterday.

Mexico has deployed more than 36,000 troops countrywide to take on the country's powerful cartels as drug violence has spiralled, with almost 10,000 killed in suspected drug attacks since the start of last year.

"Without a market, there would be no drug trafficking or violence," Garcia Luna said, admitting that there had been a rise in drug use in Mexico in recent years.

"In 1998, (drug use) was 0.3 per cent of the total population (of 107 million), in 2002 it grew to 0.4 per cent and in 10 years it reaches 0.8 per cent," Garcia Luna said.

Mexico last week quietly legalised possession of small quantities of drugs such as heroin, marijuana and cocaine, arguing that limited resources are better used in the fight against organised drug crime.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher on firm global cues
- Sena-BJP emerge as largest block in Thane, to retain power
- Nuclear Iran: Anti-India stir gains ground in US
- Tax office seeks review of SC ruling in Vodafone case
- FMC awaits FCRA amendment to decide on pulses trading
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Army to step up vigil in Uttarakhand
- Marico: Stepping into unchartered territory
- MCX IPO to make staff millionaires
- Sonalde Desai: Sons of the soil
- Asian stocks fall as Greek bailout delay dampens mood
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us