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Wildlife Trade Specialists

the shark and ray trade in Singapore

Published 26th May 2017

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Calls for better traceability after report identifies Singapore as the world's second largest shark fin trader

Singapore, 26th May 2017 - Singapore is the world's second largest shark fin trader by value after Hong Kong according to a new report by TRAFFIC and WWF, who are calling on Singapore to improve transparency in the global shark fin trade through more robust monitoring.

Shark and Ray Trade in Singapore

Report author(s):
TRAFFIC: Boon Pei Ya

Publication date:
May 2017

Whale Shark © Srl516 / Dreamtime.com
Whale Shark © Srl516 / Dreamtime.com

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Support to reduce the consumption of shark fin has grown as more people and businesses now believe in keeping sharks off our plates and in the oceans. The fact that Singapore is a significant trader means that the solution to the global shark crisis lies right here on our shores. More robust monitoring of volumes and protected species will set a positive precedent for other countries and contribute to healthier shark populations and oceans,” said Elaine Tan, Chief Executive Officer of WWF-Singapore.

TRAFFIC and WWF have embarked on discussions with the AVA based on findings of the report, targeting the full implementation of product commodity codes for all 30 species of sharks and rays subject to international trade restrictions under the Convention on the International Trade in Endangered Species of Wild Fauna and Flora (CITES).

More than 70 million sharks are killed every year around the world, with many species caught at unsustainable levels. According to the IUCN Shark Specialist Group, nearly 25% of sharks and rays now face extinction, with overfishing for fins and meat the major drivers. Slow growth, late maturing and the production of few young further leave them vulnerable to overfishing and slow to recover from depletion. 


Notes:

* The reclassification of shark fins by IE Statlink, Singapore’s official statistics body, occurred twice in 2008 and 2012. Frozen shark fins were suspected to be combined with frozen shark meat in 2008 to 2011. A lack of accurate interpretation of those data limited a comprehensive ten-year trade analysis, and therefore detailed analysis focused over two consecutive periods over six years, from 2005 to 2007and from 2012 to 2014.

About the report

The Shark and Ray Trade in Singapore is the first detailed analysis of the country’s role in the shark and ray trade, and provides a full picture of Singapore’s role in the shark fin and ray trade from source to market. It was conducted as part of the global WWF and TRAFFIC Shark & Ray Initiative.

 


About TRAFFIC

TRAFFIC is a leading non-governmental organisation working globally on trade in wild animals and plants in the context of both biodiversity conservation and sustainable development whose mission is to ensure that trade in wild plants and animals is not a threat to the conservation of nature. More information at www.traffic.org

WWF

WWF is one of the world’s largest and most respected independent conservation organisations, with over 5 million supporters and a global network active in over 100 countries. WWF’s mission is to stop the degradation of the earth’s natural environment and to build a future in which humans live in harmony with nature.