This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. And Mexico Among 37 Countries Pursuing Shark And Ray Trade Measures

WASHINGTON, DC, October 6, 2012 /PRNewswire/ --

At least 37 countries, including the United States and Mexico, have proposed protections for ten shark and ray species under the Convention on International Trade in Endangered Species (CITES). The U.S. will join Colombia in leading an effort to secure trade measures for the oceanic whitetip shark. In cooperation with at least five other countries and the European Union, Mexico is pursuing protections for three species of hammerheads.  Other species proposed by various CITES Parties include the porbeagle shark, both manta rays, and three freshwater stingrays.

All of these proposals target listing on CITES Appendix II, which would prompt permits to ensure international trade is legal and sustainable, as a complement to fisheries management.  CITES Parties will debate and vote on listing proposals in March 2013 in Bangkok.

"International trade is a major driver for shark fisheries around the world, and yet controls on this exploitation are woefully insufficient," said Sonja Fordham, President of Shark Advocates. "We are grateful for continued U.S. leadership in addressing international shark trade, and welcome this unprecedented number of proposals to safeguard these vulnerable species under CITES."

Hammerhead fins are valuable for use in a traditional, celebratory Chinese soup. Scalloped, great, and smooth hammerheads have been proposed for CITES listing. Scalloped and great hammerheads are classified by the International Union for Conservation of Nature (IUCN) as globally Endangered. Proponents joining Mexico include Brazil, Costa Rica, Croatia, Ecuador, Honduras, and the 27 Member States of the EU.

"Hammerhead sharks are among the most threatened of the wide-ranging sharks, due largely to the high demand for their fins," said Rebecca Regnery, Deputy Director for Wildlife at Humane Society International. "We are particularly pleased that Mexico, an influential shark-fishing nation, has joined the effort to conserve hammerheads through CITES with this strong proposal."

The oceanic whitetip shark, porbeagle, both manta rays, and the smooth hammerhead are listed by IUCN as globally Vulnerable.  The freshwater stingrays are considered Data Deficient.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs