The global movement against the shark fin trade gains momentum with Chile, the Bahamas and Fiji all introducing legislation this week that would reduce the trade.
Not only is the declining shark population potentially devastating to marine ecosystems, but also certain nations are realizing the economic value of sharks as a tourist draw. According to the Pew Environmental Group, tourism brings in USD$80 million annually in the Bahamas, with each reef shark estimated to be worth about USD$250,000.