Wildlife summit to vote on shark protections | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
July 01, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JULY 01, 2025
Wildlife summit to vote on shark protections

World+Biz

BSS/AFP
25 November, 2022, 11:15 am
Last modified: 25 November, 2022, 11:14 am

Related News

  • Rescued Maya Horin fawn receives care at Ctg Zoo 
  • Nature's timeout: Sundarbans closed to all for three months for wildlife revival
  • 73 endangered turtles rescued in Noakhali; 1 detained
  • Elephant found buried after being killed by electrocution in Chattogram’s Banshkhali
  • Adviser Rizwana inaugurates wildlife awareness van for conservation in Jashore

Wildlife summit to vote on shark protections

BSS/AFP
25 November, 2022, 11:15 am
Last modified: 25 November, 2022, 11:14 am
A hammerhead shark swims close to Wolf Island at Galapagos Marine Reserve August 19, 2013. Picture taken August 19, 2013. REUTERS/Jorge Silva
A hammerhead shark swims close to Wolf Island at Galapagos Marine Reserve August 19, 2013. Picture taken August 19, 2013. REUTERS/Jorge Silva

Delegates at a global summit on trade in endangered species have postponed until Friday a vote on whether to approve a proposal to protect sharks, a move that could drastically reduce the lucrative and often cruel shark fin trade.

The proposal would place dozens of species of the requiem shark and the hammerhead shark families on Appendix II of the Convention on International Trade in Endangered Species (CITES).

The appendix lists species that may not yet be threatened with extinction but may become so unless trade in them is closely controlled.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

If the plenary meeting gives the green light, "it would be a historic decision," Panamanian delegate Shirley Binder, who presided over the meeting, told AFP.

"For the first time CITES would be handling a very large number of shark species, which would be approximately 90 percent of the market," she said.

Although a vote had been expected Thursday, Binder suspended the session late in the afternoon and pushed it to Friday, as debate over the hippo trade between the European Union and African countries dragged on.

Insatiable appetite in Asia for shark fins, which make their way onto dinner tables in Hong Kong, Taiwan and Japan, has spurred their trade.

Despite being described as almost tasteless and gelatinous, shark fin soup is viewed as a delicacy and is enjoyed by the very wealthy, often at weddings and expensive banquets.

Shark fins, representing a market of about $500 million per year, can sell for about $1,000 a kilogram.

From villain to darling

Sharks have long been seen as the villain of the seas they have occupied for more than 400 million years, drawing horror with their depiction in films such as "Jaws," and occasional attacks on humans.

However, these ancient predators have undergone an image makeover in recent years as conservationists have highlighted the crucial role they play in regulating the ocean ecosystem.

According to the Pew Environment Group, between 63 million and 273 million sharks are killed every year, mainly for their fins and other parts.

With many shark species taking more than 10 years to reach sexual maturity, and having a low fertility rate, the constant hunting of the species has decimated their numbers.

In many parts of the world, fisherman lop the shark's fins off at sea, tossing the shark back into the ocean for a cruel death by suffocation or blood loss.

The efforts by conservationists led to a turning point in 2013, when CITES imposed the first trade restrictions on some shark species.

"We are in the middle of a very large shark extinction crisis," Luke Warwick, director of shark protection for the NGO Wildlife Conservation Society (WCS), told AFP at the beginning of the summit.

Heated debate

During hours-long fierce debate Thursday, Japan and Peru sought to reduce the number of shark species that would be protected.

Japan had proposed that the trade restriction be reduced to 19 species of requiem sharks, and Peru called for the blue shark to be removed from the list.

However, both suggestions were rejected.

"We hope that nothing extraordinary happens and that these entire families of sharks are ratified for inclusion in Annex II," Chilean delegate Ricardo Saez told AFP.

Several delegations, including hosts Panama, displayed stuffed toy sharks on their tables during the earlier Committee I debate.

The plenary will also vote Friday on ratifying a proposal to protect guitarfish, a species of ray.

The shark initiative was one of the most discussed at this year's CITES summit in Panama, with the proposal co-sponsored by the European Union and 15 countries.

Participants at the summit considered 52 proposals to change species' protection levels.

All are up for ratification.

CITES, which came into force in 1975, has set international trade rules for more than 36,000 wild species.

Its signatories include 183 countries and the European Union.

Wildlife / Shark

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus and US Secretary of State Marco Rubio. Photos: Collected
    Rubio calls Yunus, discusses economic ties as US tariff negotiation goes on
  • Representational image. File photo: TBS
    Ships depart, cargo operation in full swing as Ctg port starts clearing containers
  • NBR Office in Dhaka. File Photo: Collected
    NBR officers should captain revenue authority, businesses tell finance adviser

MOST VIEWED

  • Return to work or face stern action, govt warns protesters as NBR jobs declared 'essential services'
    Return to work or face stern action, govt warns protesters as NBR jobs declared 'essential services'
  • Representational image. Photo: UNB
    After 58 yrs, Ctg getting two new govt schools
  • Remittance inflow hits record $30b in FY25
    Remittance inflow hits record $30b in FY25
  • Officials of the NBR, under the banner of the NBR Unity Council, continued their protest on Sunday since 9am. Photo: Syed Zakir Hossain/TBS
    NBR staff call off protest as govt goes tough
  • Record $30b remittance lifts reserves to $26b
    Record $30b remittance lifts reserves to $26b
  • A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake
    Chevron to resume Jalalabad gas project after Petrobangla clears $237m dues

Related News

  • Rescued Maya Horin fawn receives care at Ctg Zoo 
  • Nature's timeout: Sundarbans closed to all for three months for wildlife revival
  • 73 endangered turtles rescued in Noakhali; 1 detained
  • Elephant found buried after being killed by electrocution in Chattogram’s Banshkhali
  • Adviser Rizwana inaugurates wildlife awareness van for conservation in Jashore

Features

Illustration: TBS

Ulan Daspara: Remnants of a fishing village in Dhaka

7h | Panorama
Photo: Collected

Innovative storage accessories you’ll love

1d | Brands
Two competitors in this segment — one a flashy newcomer, the other a hybrid veteran — are going head-to-head: the GAC GS3 Emzoom and the Toyota CH-R. PHOTOS: Nafirul Haq (GAC Emzoom) and Akif Hamid (Toyota CH-R)

GAC Emzoom vs Toyota CH-R: The battle of tech vs trust

1d | Wheels
Women farmers, deeply reliant on access to natural resources for both farming and domestic survival, are among the most affected, caught between ecological collapse and inadequate structural support. Photo: Shaharin Amin Shupty

Hope in the hills: How women farmers in Bandarban are weathering the climate crisis

1d | Panorama

More Videos from TBS

Committee led by DC-UNOs to set up polling stations cancelled

Committee led by DC-UNOs to set up polling stations cancelled

4h | TBS Today
What is the reason behind Russia's refusal to go to war against Israel?

What is the reason behind Russia's refusal to go to war against Israel?

4h | Others
BNP Blamed by Parties as Reforms Lag

BNP Blamed by Parties as Reforms Lag

5h | TBS Today
What are the problems with foreign investment in the renewable energy sector in the country?

What are the problems with foreign investment in the renewable energy sector in the country?

5h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net