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

EUR -
AED 4.228503
AFN 74.840624
ALL 94.127157
AMD 419.440648
AOA 1056.983085
ARS 1714.468211
AUD 1.637112
AWG 2.073955
AZN 1.950676
BAM 1.955006
BBD 2.309662
BDT 141.612509
BHD 0.432406
BIF 3405.166219
BMD 1.151398
BND 1.477291
BOB 13.503283
BRL 5.830796
BSD 1.146785
BTN 109.670334
BWP 15.669958
BYN 3.355692
BYR 22567.392285
BZD 2.306364
CAD 1.613764
CDF 2619.429118
CHF 0.929011
CLF 0.027077
CLP 1065.67602
CNY 7.777978
CNH 7.76506
COP 3596.597548
CRC 521.3657
CUC 1.151398
CUP 30.512035
CVE 110.223124
CZK 24.224279
DJF 204.208229
DKK 7.475034
DOP 66.740007
DZD 152.814845
EGP 58.895254
ERN 17.270963
ETB 185.09302
FJD 2.551953
FKP 0.866575
GBP 0.855817
GEL 3.010936
GGP 0.866575
GHS 13.400327
GIP 0.866575
GMD 85.203176
GNF 10066.170305
GTQ 8.750675
GYD 239.928428
HKD 9.029698
HNL 30.915197
HRK 7.539468
HTG 149.93741
HUF 362.251506
IDR 20800.57272
ILS 3.52022
IMP 0.866575
INR 109.786852
IQD 1508.330811
IRR 1583171.652906
ISK 142.611766
JEP 0.866575
JMD 181.368494
JOD 0.816293
JPY 184.639837
KES 148.988918
KGS 100.689588
KHR 4651.645831
KMF 495.674681
KRW 1652.261255
KWD 0.356715
KYD 0.955654
KZT 543.986636
LAK 26113.696403
LBP 102690.567426
LKR 385.18519
LRD 207.581137
LSL 19.124868
LTL 3.399777
LVL 0.696469
LYD 7.339702
MAD 10.805289
MDL 20.194399
MGA 4953.884174
MKD 61.500033
MMK 2417.754444
MNT 4140.683274
MOP 9.265636
MRU 46.182736
MUR 54.115187
MVR 17.800805
MWK 1998.826461
MXN 19.954239
MYR 4.709529
MZN 73.585828
NAD 19.124701
NGN 1564.899128
NIO 42.199753
NOK 10.995214
NPR 175.460149
NZD 1.961308
OMR 0.442725
PAB 1.146834
PEN 3.90218
PGK 5.059572
PHP 70.575491
PKR 318.483874
PLN 4.308605
PYG 6853.91987
QAR 4.195922
RON 5.248038
RSD 117.399938
RUB 91.792409
RWF 1688.041399
SAR 4.296631
SBD 9.304565
SCR 15.503035
SDG 690.838534
SEK 10.992565
SGD 1.477306
SLE 28.428769
SOS 655.405463
SRD 43.459473
STD 23831.604944
STN 24.488251
SVC 10.034316
SZL 19.020452
THB 38.458972
TJS 10.591076
TMT 4.041405
TND 3.396052
TRY 54.68183
TTD 7.783232
TWD 37.322094
TZS 3046.025658
UAH 51.161808
UGX 4295.181671
USD 1.151398
UYU 46.132474
UZS 13767.291304
VES 858.593013
VND 30255.27383
VUV 137.628024
WST 3.169249
XAF 655.662347
XAG 0.019692
XAU 0.000282
XCD 3.11171
XCG 2.066735
XDR 0.815434
XOF 659.750559
XPF 119.331742
YER 274.375111
ZAR 18.983379
ZMK 10363.964701
ZMW 21.415376
ZWL 370.749546
  • JRI

    0.1100

    12.87

    +0.85%

  • CMSC

    0.1200

    21.81

    +0.55%

  • BCC

    -2.3000

    75.38

    -3.05%

  • GSK

    -1.1500

    52.07

    -2.21%

  • CMSD

    -0.0200

    22.02

    -0.09%

  • NGG

    1.5100

    80.39

    +1.88%

  • RIO

    3.5200

    97.18

    +3.62%

  • AZN

    -1.9600

    171.34

    -1.14%

  • BCE

    -0.6300

    21.7

    -2.9%

  • BTI

    -1.3800

    61.69

    -2.24%

  • RBGPF

    0.0000

    69.21

    0%

  • RYCEF

    1.3900

    19.86

    +7%

  • BP

    0.9000

    44.22

    +2.04%

  • VOD

    0.0100

    16.14

    +0.06%

  • RELX

    -1.6200

    36.61

    -4.43%

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)