Singapore is the world’s 2nd largest trader in shark fins

Singapore was found second only to Hong Kong in the shark trading market

PHOTO: Daily Mail

SINGAPORE – Wildlife conservation groups, WWF and Traffic, have called Singapore out on being the 2nd largest trader in shark fins based on statistics from 2012 and 2013. Singapore is only second to Hong Kong, whose import values for the year reached a whopping S$215.4 million.

Exported shark fins from Singapore fetched S$50.4 million, while imported shark fins reached up to S$65 million.

WWF and Traffic are demanding that the government of Singapore be more transparent. They are also suggesting that the country use the Harmonised System Codes (HS Codes), that were introduced in 1988 by the World Customs Organisation, to classify shark products appropriately. Implementing these rules will enable consumers and buyers to choose their products based on accurate knowledge.

“Any country that dominates a particular trade has an extra responsibility to ensure it is transparent and traceable,”

– Ms Kanitha Krishnasamy, senior programme manager for Traffic in Southeast Asia

Surveys showed that only one out of every four people believe that the Singapore government is doing their part to save sharks. Research shows that five species of sharks being caught and traded here are listed on the IUCN Red List as threatened.

Summarized by Observer+ News

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