Berliner Boersenzeitung - Wildlife summit could upend Hong Kong's shark fin trade

EUR -
AED 4.259968
AFN 74.238108
ALL 95.218132
AMD 427.38932
ANG 2.076802
AOA 1064.8467
ARS 1653.385564
AUD 1.639003
AWG 2.089704
AZN 1.970313
BAM 1.959878
BBD 2.335961
BDT 142.656843
BGN 1.96136
BHD 0.43711
BIF 3445.268986
BMD 1.159964
BND 1.489099
BOB 8.014677
BRL 5.874755
BSD 1.159813
BTN 110.257426
BWP 15.613489
BYN 3.208977
BYR 22735.28805
BZD 2.332654
CAD 1.620458
CDF 2662.116711
CHF 0.921214
CLF 0.026513
CLP 1043.491731
CNY 7.854691
CNH 7.838553
COP 4051.207937
CRC 527.597836
CUC 1.159964
CUP 30.739037
CVE 110.49492
CZK 24.122895
DJF 206.539772
DKK 7.474203
DOP 68.101707
DZD 154.112424
EGP 60.01519
ERN 17.399455
ETB 182.75969
FJD 2.570363
FKP 0.8652
GBP 0.863112
GEL 3.079723
GGP 0.8652
GHS 12.873788
GIP 0.8652
GMD 84.677599
GNF 10160.141429
GTQ 8.841397
GYD 242.654921
HKD 9.088837
HNL 31.013534
HRK 7.534659
HTG 151.645547
HUF 351.275862
IDR 20525.557247
ILS 3.388045
IMP 0.8652
INR 109.80744
IQD 1519.361518
IRR 1595967.925994
ISK 144.195209
JEP 0.8652
JMD 183.842543
JOD 0.822434
JPY 185.733798
KES 150.214635
KGS 101.43835
KHR 4659.69599
KMF 494.143998
KPW 1043.967714
KRW 1753.940447
KWD 0.357826
KYD 0.966611
KZT 567.150138
LAK 25539.142367
LBP 103867.229043
LKR 388.829083
LRD 211.089239
LSL 18.89171
LTL 3.425071
LVL 0.70165
LYD 7.392382
MAD 10.742152
MDL 20.256149
MGA 4840.071319
MKD 61.651573
MMK 2434.700427
MNT 4150.222354
MOP 9.360979
MRU 45.999717
MUR 54.831118
MVR 17.93328
MWK 2011.184914
MXN 19.921799
MYR 4.69495
MZN 74.094603
NAD 18.89171
NGN 1578.293218
NIO 42.678807
NOK 11.010126
NPR 176.412082
NZD 1.982969
OMR 0.444839
PAB 1.159813
PEN 3.944408
PGK 5.078568
PHP 70.286843
PKR 322.692565
PLN 4.241867
PYG 7101.777523
QAR 4.239923
RON 5.229927
RSD 117.604714
RUB 83.876512
RWF 1703.244145
SAR 4.35427
SBD 9.332572
SCR 16.315149
SDG 696.557874
SEK 10.874984
SGD 1.486847
SHP 0.86603
SLE 28.59323
SLL 24323.862555
SOS 662.879333
SRD 43.509657
STD 24008.906136
STN 24.551086
SVC 10.148116
SYP 128.213218
SZL 18.876278
THB 37.765516
TJS 10.809593
TMT 4.071473
TND 3.40268
TOP 2.792915
TRY 53.677432
TTD 7.878394
TWD 36.556838
TZS 3042.000745
UAH 51.970441
UGX 4349.049591
USD 1.159964
UYU 46.847481
UZS 13890.904477
VES 675.049955
VND 30500.084897
VUV 137.07731
WST 3.182349
XAF 657.324775
XAG 0.016472
XAU 0.000268
XCD 3.13486
XCG 2.090249
XDR 0.815891
XOF 657.324775
XPF 119.331742
YER 276.752945
ZAR 18.726744
ZMK 10441.072732
ZMW 20.262162
ZWL 373.50783
  • CMSD

    -0.0400

    22.26

    -0.18%

  • CMSC

    -0.0200

    22.33

    -0.09%

  • VOD

    0.2700

    15.53

    +1.74%

  • RBGPF

    0.0000

    60.72

    0%

  • JRI

    -0.0300

    12.8

    -0.23%

  • BCE

    0.0200

    24.59

    +0.08%

  • NGG

    0.3200

    81.84

    +0.39%

  • RYCEF

    0.4600

    17.5

    +2.63%

  • BCC

    0.4800

    71.14

    +0.67%

  • RELX

    0.6300

    33.74

    +1.87%

  • GSK

    0.1800

    53.04

    +0.34%

  • BTI

    0.9300

    62.32

    +1.49%

  • RIO

    1.7100

    105.35

    +1.62%

  • AZN

    -3.5300

    178.75

    -1.97%

  • BP

    0.1000

    42.78

    +0.23%

Wildlife summit could upend Hong Kong's shark fin trade
Wildlife summit could upend Hong Kong's shark fin trade / Photo: ISAAC LAWRENCE - AFP

Wildlife summit could upend Hong Kong's shark fin trade

Hong Kong's controversial shark fin trade may face its biggest shakeup in years if conservationists get their way in securing tighter regulations at an international wildlife conference in Panama.

Text size:

The city is one of the world's largest markets for shark fin, which is viewed by many Chinese communities as a delicacy and often served as a soup at expensive banquets.

While domestic consumption has shrunk after years of activist campaigning, Hong Kong remains a vital trade hub for shark fins -- both legal and illegal -- headed for the Chinese mainland and Southeast Asia.

"Last year, over 90 percent of shark fin imports in Hong Kong were re-exported, and a major market is mainland China," said Loby Hau, oceans sustainability assistant manager at WWF-Hong Kong.

The city regulates its shark fin trade using an international treaty on endangered species, meaning certain types of fins must have export permits showing they were sustainably captured.

The latest meeting of the 184-nation Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which began in Panama on Monday, may add protections for two major shark families.

Researchers say the proposals, if passed, will protect a huge number of shark species and place further pressure on Hong Kong's law enforcement, which is already battling a surge in illicit shark fins.

Hong Kong seized 27.5 tonnes of legally regulated shark fins in 2021 and 29.5 tonnes the year before, a government spokesman told AFP. In 2019, the figure was just 6.5 tonnes.

- Tough enforcement -

Marine biologists estimate that upwards of 100 million sharks are killed each year, pushing vital apex predators towards extinction and ocean ecosystems to the brink of collapse.

The fins are usually sliced from their bodies and the animals thrown back into the sea where they suffer a slow death.

There are signs Hong Kong consumers have become more aware.

A survey in 2009 found that 73 percent of respondents had eaten shark fin in the preceding year, but a decade later that number fell to 33 percent.

The government, major caterers and image-conscious brands have also been keen to bolster their environmentalist credentials by ditching shark fin from banquet menus.

But in Hong Kong's "Dried Seafood Street", where shops display shark fins behind glass like trophies, business remains steady.

"Fewer people want to buy shark fins nowadays, but we have our regulars, mostly the elderly," said one shopkeeper who declined to be named, adding that her customers spend an average of HK$2,500 ($320) per catty (a measurement equal to 605 grams).

A nearby restaurant was offering a range of shark fin soups that maxed out at HK$980 per bowl.

It is hard to tell the level of compliance among import-export firms and retail vendors, according to Stan Shea, marine programme director for the BLOOM Association Hong Kong.

"As an ordinary citizen, the only thing you can do is ask the shopkeeper, 'Are your fins legal?'" he told AFP. "(Sellers) are not required to label their goods and very few do."

Once a piece of shark fin is skinned and processed, the only reliable way to check if it belonged to an endangered species is DNA analysis -- which Shea and other researchers conducted in 2014.

More than 10 percent came from sharks regulated by CITES at the time.

A more recent 2020-2021 study by Shark Guardian in Taiwan found half of shark fin traders were selling protected species.

- Broad proposal -

Blue sharks -- which industry representatives argue have stable populations -- are the most commonly found among fin traders.

But that could change if a CITES proposal backed by more than 40 countries to regulate all species of requiem sharks is successful.

"If the proposal is passed, and assuming the market composition hasn't changed since 2014, then 90 percent of shark fins on the market will need to have export permits," Shea said.

Over the past five years, Hong Kong has prosecuted five people for importing endangered shark fin without a licence -- an offence punishable by up to 10 years in jail and a HK$10 million fine.

The government last year expanded the law on organised crime to cover wildlife smuggling, but no such prosecutions have taken place.

Hau, of WWF-Hong Kong, called on authorities to conduct more inspections and impose mandatory record-keeping for shark fin vendors.

"If this Panama conference adds more species to (CITES regulations), the government should pay close attention," he told AFP.

"Wildlife smuggling has become very systematic and organised, so investigations need to be dialled up."

(H.Schneide--BBZ)